The Singapore-listed owner concluded a deal followingtalks that have dragged on since September.
“We are very pleased to have reached an agreement with ourlenders regarding a relaxation of our loan covenants until 31 December 2014,”said CEO Alan Hatton.
“This marks significant progress for the Trust.
"Despite the extremely challenging year theTrust has faced due to lessee defaults, with the agreement of a loan covenantrelaxation and improving performance due to ongoing restructuring efforts, theTrust is now in a stronger position to move forward.”
Reeling
