Arricano Real Estate PLC - shopping centre operator - Secured amendments to loan agreements. A USD28.3 million facility has annual coupon nudged down to 10.5% from 12% with next repayment delayed to August 1, 2021 from June 30, 2020. Repayment of a USD3.1 million loan with a 10.5% coupon delayed to August 1 next year from September 23 this year. Repayment of a USD31.3 million loan delayed to August 1, 2023, from June 30, 2020, but coupon raised to 10.5% from 9.75%. Finally, a GBP24.5 million loan has coupon raised to 10.5% from 9.55% but repayment pushed back to August 1, 2023 from July 31 earlier this year.
Current stock price: USD0.30
Year-to-date change: down 6.8%
By Eric Cunha; ericcunha@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.