Stay calm, NRW says

NRW Holdings has denied speculation it lacks the capacity to service its doubled debt load, saying it will meet its A$38 million scheduled payment this month “from business cashflows” and expects to end the quarter with $100 million in cash.

Stay calm, NRW says Stay calm, NRW says Stay calm, NRW says Stay calm, NRW says Stay calm, NRW says

NRW says there is no need for concern.

The company's total debts at the end of December 2019 were $409 million, including $194 million assumed in that month's takeover of BGC Contracting.

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