CIG and lenders extend debt agreement to end-July
Cash-strapped infrastructure firm says key conditions to the debt restructuring agreement will be negotiated in June
04 June 2019 - 20:14
Listed infrastructure group Consolidated Infrastructure Group (CIG) said on Tuesday that its lenders had agreed to extend the debt standstill agreement with the group until July 29.
In terms of a debt standstill agreement between creditors and an affected company, the participating creditors agree not to enforce scheduled repayments until the debtor has finalised its financial restructuring plans...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.