8th May 2015 16:19
LONDON (Alliance News) - Alpha Pyrenees Trust Ltd said Friday it has agreed a further extension to its EUR271.5 million loan facilities with Barclays Bank PLC to October 15, from its previously extended date of May 11.
The trust said it has the support of its lender for the orderly realisation of its investment property. It said it will continue to consider its refinancing options, including the potential refinancing of assets by third-party lenders.
Shares in Alpha Pyrenees closed down 6.7% at 1.40 pence Friday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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