Forex firm Travelex to default on coupon payment

(Reuters) – Currency service provider Travelex [TFPI.UL] said on Wednesday it would default on a 14.4 million euro ($15.6 million) coupon payment on some of its senior notes as it grapples with a hit to earnings amid the coronavirus crisis.

The London-based company, whose parent is Finablr , said it was also exploring a sale, while it talks to lenders and advisers for a long-term solution.

(Reporting by Pushkala Aripaka in Bengaluru; Editing by Anil D’Silva)