BRIEF-Lanesborough REIT announces extension and amendment of Series G debentures

Tue Jun 21, 2016 1:15pm EDT
 
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June 21 (Reuters) - Lanesborough Real Estate Investment Trust :

* Lanesborough REIT announces extension and amendment of Series G debentures and reduction in revolving loan facility interest rate

* Maturity date of debentures has been extended from June 30, 2018 to June 30, 2022

* Interest rate payable on debentures commencing June 30, 2016 has been reduced from 9.50% per annum to 5.00% per annum

* Reduction of interest rate on LREIT's revolving loan facility with 2668921 Manitoba Ltd. from 12.00% per annum to 5.00% per annum Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)