Barclays Loan Extension and Notice of Results

Summary by AI BETAClose X

The Conygar Investment Company PLC has restructured its development loan with Barclays for the Winfield Court student accommodation, extending the repayment date from December 23, 2025, to December 23, 2026. The total loan facility has been reduced from £43.6 million to £38.8 million, reflecting a £3.9 million repayment and cancellation of an undrawn £0.9 million facility. Additionally, the company will provide its 1 TIQ restaurant and events venue as further security, allowing the loan to value covenant to be reduced to 60%. The company also announced that its audited annual accounts for the year ended September 30, 2025, will be published in January 2026.

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