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AUSTRALIA'S CENTRO PROPERTIES WINS FINANCING EXTENSION.
SYDNEY, June 2 Asia Pulse - Troubled property group Centro Properties Group (Centro) (ASX:CNP) has been granted an extension of its financing arrangements from its lenders to December 15.
Centro said obligations of $A2.3 billion ($US2.19 billion) owed to its Australian lending group and $US450 million owed to US private placement noteholders have been extended to December 15, from the last deadline of Friday, May 30.
Centro said additional liquity faciolities had been provided by its financiers, along with the debt extension.
The US lending group, which includes financial houses JPMorgan and Bank of America, has reconfirmed the extension of the US joint venture facilities to 30 September 2008 as a result of finalisation of the additional liquid facilities and confirmed extention.
"Certain inter-creditor arrangements have also been agreed between Centro's financiers.
"Finalisation of these matters was required under the extension of Centro's financing arrangements announced on 8 May."
On May 8, Centro was thrown another lifeline by its lenders with $2.8 billion in debt extended to December 15.
- CENTRO PROPERTIES GROUP STRENGTHENS ABOVE MOVING AVERAGE PRICE.
- Magazine article from: Sector Report September 12, 2006 700+ words
...COMPANY NEWS BITES STOCK REPORT Centro Properties Group (ASX: CNP) has strengthened...price to MAP ratio was 1.2. Centro Properties Group (CNP) was up 8c (1...assets were 0.46. ACTIVITIES Centro Properties Group comprises of Prime Retail...
- CENTRO PROPERTIES GROUP CLIMBS 3.1% ON LOW VOLUME.
- Magazine article from: Ozequities News Bites November 21, 2006 700+ words
...COMPANY NEWS BITES STOCK REPORT Centro Properties Group (ASX: CNP) climbed...assets were 0.46. ACTIVITIES Centro Properties Group comprises of Prime Retail...74% of the shares. SECTORS Centro Properties Group is in the following sectors...
- CENTRO PROPERTIES GROUP ADDS 1.7% ON FIRM VOLUME.
- Magazine article from: Ozequities News Bites November 2, 2006 700+ words
...COMPANY NEWS BITES STOCK REPORT Centro Properties Group (ASX: CNP) added 13c...assets were 0.46. ACTIVITIES Centro Properties Group comprises of Prime Retail...74% of the shares. SECTORS Centro Properties Group is in the following sectors...
- CENTRO PROPERTIES GROUP PLUMMETS 7.6% ON LOW VOLUME.
- Magazine article from: Ozequities News Bites October 6, 2006 700+ words
...COMPANY NEWS BITES STOCK REPORT Centro Properties Group (ASX: CNP) plummetted...assets were 0.46. ACTIVITIES Centro Properties Group comprises of Prime Retail...74% of the shares. SECTORS Centro Properties Group is in the following sectors...
- CENTRO PROPERTIES GROUP UP 2.0% ON LOW VOLUME.
- Magazine article from: Ozequities News Bites November 17, 2006 700+ words
...COMPANY NEWS BITES STOCK REPORT Centro Properties Group (ASX: CNP) was up 16c...assets were 0.46. ACTIVITIES Centro Properties Group comprises of Prime Retail...74% of the shares. SECTORS Centro Properties Group is in the following sectors...
- CENTRO PROPERTIES GROUP UP 1.0% ON FIRM VOLUME.
- Magazine article from: Ozequities News Bites November 15, 2006 700+ words
...COMPANY NEWS BITES STOCK REPORT Centro Properties Group (CNP) was up 8c (1...assets were 0.46. ACTIVITIES Centro Properties Group comprises of Prime Retail...74% of the shares. SECTORS Centro Properties Group is in the following sectors...
- CENTRO PROPERTIES GROUP UP 0.4% ON FIRM VOLUME.
- Magazine article from: Sector Report September 13, 2006 700+ words
...COMPANY NEWS BITES STOCK REPORT Centro Properties Group (CNP) was up 3c (0...assets were 0.46. ACTIVITIES Centro Properties Group comprises of Prime Retail...74% of the shares. SECTORS Centro Properties Group is in the following sectors...
- CENTRO PROPERTIES GROUP DOWN 1.7% ON ROBUST VOLUME.
- Magazine article from: Sector Report September 11, 2006 700+ words
...COMPANY NEWS BITES STOCK REPORT Centro Properties Group (CNP) was down 13c...assets were 0.46. ACTIVITIES Centro Properties Group comprises of Prime Retail...74% of the shares. SECTORS Centro Properties Group is in the following sectors...
- CENTRO PROPERTIES GROUP TRADING VOLUME 1.6 TIMES WITH PRICE UNCHANGED.
- Magazine article from: Ozequities News Bites October 25, 2006 700+ words
...COMPANY NEWS BITES STOCK REPORT Centro Properties Group (ASX: CNP) traded at...assets were 0.46. ACTIVITIES Centro Properties Group comprises of Prime Retail...74% of the shares. SECTORS Centro Properties Group is in the following sectors...
- CENTRO PROPERTIES GROUP DOWN 1.8% ON FRAGILE VOLUME.
- Magazine article from: Ozequities News Bites October 9, 2006 700+ words
...COMPANY NEWS BITES STOCK REPORT Centro Properties Group (ASX: CNP) was down...assets were 0.46. ACTIVITIES Centro Properties Group comprises of Prime Retail...74% of the shares. SECTORS Centro Properties Group is in the following sectors...
Source: HighBeam Research, AUSTRALIA'S CENTRO PROPERTIES WINS FINANCING EXTENSION.