UK subprime lender NSF granted waiver on securitisation facility

(Reuters) - Subprime lender Non-Standard Finance said on Monday that U.S. asset manager Ares has agreed to extend a waiver on a 200 million pound ($247.44 million) securitisation facility as the British company tries to find a longer term funding solution.NSF, which last week highlighted risks to its ability to continue as a going concern, said it was exploring alternative capital structures and talks with its shareholders for a potential equity raise are ongoing.