21st Mar 2025 15:20
Conygar Investment Co - London-based property investment and development firm - Restructures debt facility in connection with development loan from Barclays PLC to its subsidiary. Says the restructuring extends the final repayment date of the loan to December 23 from Sunday. This enables further letting and stabilisation of Winfield Court, which it says was provided as security for the loan. Adds that the total facility amount reduces to GBP46.6 million from GBP47.5 million, with the interest rate margin payable falling to 2.0% from 3.25%. Says this will be offset by inclusion of a GBP500,000 exit fee. Read More