Marston’s has once again asked its bondholders for a number of waivers of its financial covenants, for the second half of 2021.

Following “overwhelming support” from bondholders for certain waivers and amendments in May and November 2020, the group is making the request once more to cater for the lockdown since December, and restrictions that will be in place on pubs until 21 June.

It is also seeking an extension of other technical waivers and amendments which were agreed to by the holders of its Secured Class A Notes in May last year.

In an update on the London Stock Exchange the group said: “The waivers/amendments being requested are required solely as a consequence of the enforced temporary re-closure of its pubs in England, Scotland and Wales by the UK government and the devolved administrations, as a result of the covid 19 pandemic measures.

“The financial and liquidity position of Marston’s and its subsidiaries remains sound. As previously announced, the Group had £176m of headroom under its bank facilities as at 2 January 2021. Bondholders also benefit from the £120m Liquidity Facility which is expected to be only around £30m drawn at its peak.”

Bondholders have been asked to respond by 24 March.