TRV.L Share News (TRV)

LONDON (Dow Jones)--Treveria PLC (TRV.LN), a German retail focused real estate investment company, Tuesday announces that it has agreed certain covenant waivers with regard to its second Deutsche Bank/Citigroup debt facility. MAIN FACTS: -Deutsche Bank and Citigroup have agreed to waive any loan to value, or LTV, and debt service cover ratio, or DSCR, hard breaches for the loan facility until Feb. 28, 2011. -The current outstanding amount of the facility is EUR 220 million. -At April 13 the LTV stood at 85% and the DSCR was 111%, compared with hard breach covenants of 95% and 110%. -The cash trap covenants are 80% and 125%. -In March 2011 the waiver will be extended until loan maturity (July 20, 2011) if the LTV as at Dec. 31, 2010 has not exceeded the LTV as at June 30. -Shares closed Monday at 6.3 pence. By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com (END) Dow Jones Newswires July 13, 2010 02:15 ET (06:15 GMT)