Brent Walker conversion

Tuesday 11 April 1995 00:02 BST

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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.

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