Brent Walker conversion

Click to follow
The Independent Online
Brent Walker conversion

Brent Walker Group has converted £13.75m of guarantee liabilities into ordinary shares and variable-rate first redeemable preference shares, in relation to a restructuring of financing and lease liabilities on an estate of properties, comprising mainly 114 pubs. Brent has been granted a six-year lease over the properties at an initial annual rent of £1.71m.

Comments