PNC pioneer credit limited
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News: PNC Pioneer Credit Updates On Syndicated Facility Agreement With Carlyle Group

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    14/04/20
    11:15
    Post #: 44028214

    April 14 (Reuters) - Pioneer Credit Ltd (PNC) :

    • UPDATES ON SYNDICATED FACILITY AGREEMENT WITH CARLYLE GROUP
    • CARLYLE ALLEGES NUMBER OF DEFAULTS HAVE OCCURRED AND ARE CONTINUING UNDER FACILITY AGREEMENT
    • PIONEER REFUTES ALLEGED DEFAULTS
    • CARLYLE DECLARED OUTSTANDING AMOUNT UNDER FACILITY AGREEMENT BEING ABOUT $141.6 MILLION EXCLUDING INTEREST BE PAYABLE ON CARLYLE'S DEMAND
    • NO DEMAND FOR OUTSTANDING AMOUNT HAS BEEN MADE BY CARLYLE
    • REQUESTED CARLYLE WITHDRAW DEFAULT NOTICE BY 5.00PM (PERTH TIME) ON FRIDAY, 17 APRIL
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