Escher Marwick again misses interest payment on 7% secured notes

By Rebecca Melvin

Concord, N.H., Dec. 31 – Escher Marwick plc has not made its interest payment due on the 2017-F1 7% euro secured notes due 2022 (ISIN: GB00BF0L7628), which was due on Dec. 31, according to a company announcement.

This is in addition to the non-payment of interest due June 30, 2020, Dec. 31, 2020 and June 30, 2021.

The company said it was unable to pay the interest due to insufficient funds as a result of the non-receipt of amounts due to the issuer.

No event of default has been declared.

London-based Escher Marwick provides funds to the property and renewable energy sectors and export finance to the oil and gas sectors.

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