banks mull centro deadline request..., page-4

Correction: Previous story posted source was:
www.businessspectator.com.au

Here is the Bloomberg article:-

Centro's Banks May Extend Refinancing Deadline, Review Reports

By Jacob Greber

Jan. 15 (Bloomberg) -- Centro Properties Group's banks are considering extending a Feb. 15 refinancing deadline, the Australian Financial Review reported, without saying where it got the information.

Only some of Centro's lenders are prepared to extend the deadline, the Review said. Banks imposed the deadline after the company said last month it is struggling to refinance A$3.9 billion ($3.5 billion) in debt because of the collapse of the U.S. subprime housing market.

One unidentified banker told the newspaper there would be no reprieve on the deadline until Centro released more information about its finances.

To contact the reporter for this story: Jacob Greber in Sydney at [email protected]


Ends.

Cheers, Pie :-)