The controversial guarantor lender and its lender now have until August 14 to finalise further amendments to its borrowings.
With more than £135mln of cash in the bank as at June 30, Amigo said it has “adequate liquidity to continue to fund operations and support its customers”.
Last week, the company said it had been hit by a torrent of customer complaints in recent months, leading it a £244mln hit from costs and provisions for dealing with these matters.
Earlier in July, the company made a pledge to the Financial Conduct Authority (FCA) that it will reach a position by the end of October where all complaints are dealt with appropriately within eight weeks.
Shares in Amigo were down more than 1% to 7.9p in early trading on Monday, down 89% since the start of the year and 97% since it floated in the summer of 2018.
Published at Mon, 27 Jul 2020 07:42:00 +0000-Amigo gets more time to sort out borrowings