Vintage Wine Estates Enhances Financial Stability and Governance

Vintage Wine Estates (VWE) has shared an update.

Vintage Wine Estates has renegotiated the terms of its forbearance agreement, extending the grace period to May 15, 2024, and agreed to pay higher interest rates and certain fees to its lenders. In other news, the company has appointed Steven Strom as an independent director and chair of the finance committee, with a compensation package of $25,000 per month and additional benefits. These strategic moves, along with the requisite corporate disclosures, are aimed at strengthening the company’s governance and financial stability.

Learn more about VWE stock on TipRanks’ Stock Analysis page.