Baxi talking to lenders about revising loan terms due to weak heating market conditions

By Sara Rosenberg

New York, July 3 - Baxi Holdings Ltd. has begun discussions with lenders under its senior credit facility to modify terms, according to a news release.

These discussions are a result of the downturn in markets for heating products in certain European countries, which brought about a decline in earnings.

Baxi is a United Kingdom-based heating business.

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