Agile lenders agree to $475m facility extension

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By Shruti Chaturvedi
30 Oct 2014

Hong Kong listed Agile Property Holdings has reached an agreement with its lenders to extend the maturity on a portion of a $475m facility the company sealed in early April that was due in December.

The Chinese real estate developer has extended the maturity on a $265m chunk of the loan by one year to December 2015, it said in a statement on the Hong Kong Stock Exchange on Sunday. The remaining $210m will be repaid using the proceeds of a HK$1.65bn ($213m) rights ...

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