Centro tries to free itself from debt maze Source - The Australian Financial Review
Lenders to Centro Properties Group will hand down a decision on the company by the close of trade on 15 February 2008. The lenders will rule on whether Centro has made enough progress supporting its complex business structure to warrant an extension of a short-term funding agreement. Insiders claim that Centro is likely to be granted an extension until late March. However, any extension would only cover the $A3.9 billion of debt that fell due in late 2007, meaning the group's structural problems would still need to be resolved
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