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12 Mar 2009 13:32
RNS Number : 7675O
Primary Health Properties PLC
12 March 2009
Primary Health Properties PLC, one of the UK's largest providers of modern primary healthcare facilities, is pleased to announce that it has today (12 March 2009) agreed with the Allied Irish Banks, p.l.c. ("AIB") to defer the planned reduction for the agreed covenanted loan to value ("LTV") ratio, from 75 per cent. to 70 per cent, from October 2009 to March 2010, thereby matching the LTV covenants of its other existing facilities with RBS and Abbey Santander.
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