LFC Talk


Hicks & Gillett given more time by lfctalk
January 6, 2009, 14:59
Filed under: News

Tom Hicks and George Gillett have taken the option of extending the deadline on the £350m they owe the Royal Bank of Scotland. Under the terms of the loan they could choose between refinancing the debt, paying back the full amount this month or extending the deadline for six more months. They took the latter option.

The development means the loan will now not mature until July 24, but it is understood that no further extensions will become available come that time.

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