PNC pioneer credit limited
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News: PNC Pioneer Credit Says Carlyle Agrees To Loan Up To Additional $28 Mln

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    20/12/19
    19:25
    Post #: 42078112

    Dec 20 (Reuters) - Pioneer Credit Ltd (PNC) :

    • CARLYLE HAS AGREED TO LOAN TO COMPANY ADDITIONAL INTERIM FUNDING OF UP TO $28 MILLION
    • EXPECTS TO REPORT A STATUTORY LOSS FOR PERIOD TO 31 DECEMBER 2019
    • CARLYLE HAS AGREED TO WAIVE ALL EXISTING DEFAULTS UNDER SENIOR DEBT FACILITY
    • INCURRED SIGNIFICANT ONE-OFF COSTS IN RELATION TO EVENTS OF HY TOTALING ABOUT $7 MILLION
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