27th Jan 2015 09:35
LONDON (Alliance News) - Alpha Pyrenees Trust Ltd on Tuesday said it remains in talks with its lender on potential refinancing options, including the refinancing of its assets by third-party lenders and possible asset sales.
The trust said it is talking to its lender about extending its current funding facilities by three months from the current maturity date of February 10 in order to continue its refinancing talks.
In November, the trust reported a fall in its occupancy rate across its portfolio in the second half of 2014, along with a fall in its net asset value.
Shares in the trust were untraded on Tuesday, having last traded at 1.73 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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