ProsperCap's (SGX:PPC) subsidiaries, ProsperCap Subholdco and PPC Regional Hospitality, signed an agreement with lenders to extend the initial expiry date of the senior and mezzanine facility agreements, according to a Monday Singapore bourse filing.
The extension provides additional time for the units to satisfy relevant capital expenditure milestone requirements.
The senior loan comprised a term facility of up to 232.6 million pounds and a CAPEX facility of up to 11 million pounds.
Meanwhile, the mezzanine loan comprised a term facility of up to 63.4 million pounds and a CAPEX facility of up to 3 million pounds.
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