GFH lenders grant $100m extension

Bahrain’s Gulf Finance House received consent from all its lenders to defer repayment of part of a $300m syndicated loan, it said on Wednesday as the facility became due.

  • 10 Feb 2010
GFH, which approached its lenders only two weeks ago, needed unanimous approval from its syndicate of 32 banks, led by WestLB, to extend $100m of the facility for six months, by which time it hopes to sell several assets. GFH will pay lenders a 50bp amendment fee and ...

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