Sign In
30 Nov 2012 17:04
30 November 2012
Treveria PLC (TRV) ("Treveria" or the "Company")
Update re Debt Facilities
Silo F/K (Hypotheken Bank, formerly Eurohypo; sole lender)
Further to the 26 October 2012 update, Hypotheken Bank has today agreed to a further 4 month extension of the existing standstill agreement until 1 April 2013, subject to the satisfaction of certain milestones during the extended period. The extension will allow for the continuation of the constructive discussions between the parties with a goal to achieve a consensual and most optimal solution for all stakeholders.
Silo G (JP Morgan; syndicated loan)
Further to the announcement made on 20 November 2012, the Treveria G Lenders have today agreed to waive the requirement for repayment of the outstanding Silo G loan amounts until 7 December 2012. This waiver will allow more time for the in-principle agreed extension of the debt facility to be appropriately implemented.
Silo D (Lender - Deutsche Bank/Citigroup; securitized)
Further to the announcement made on 31 October 2012, the Company announces that the standstill agreement with the Servicer of the notes issued by DECO 10 - Pan Europe 4 p.l.c. and DECO- PE4 Swiss AG has been extended until 3 January 2013.
Treveria will provide a further update on the on-going negotiations with the Servicer when appropriate.
For further information, please contact:
IOMA Fund and Investment Management Limited
Graham Smith +44 (0) 1624 681250
N+1 Singer
James Maxwell/Nick Donovan +44 (0) 20 7496 3000
Follow the stocks
