WINNIPEG, MB, September 29, 2021 / CNW / – Lakeview Hotel Investment Corp. (“LHIC“) announces that it has modified its amended and updated credit agreement dated Jan. 31, 2018 as amended by a first amending agreement on December 18, 2018, a second amending agreement on June 19, 2019, a third amending agreement on December 31, 2019, a fourth rider to date January 13, 2020, a fifth rider to date May 31, 2020, a sixth rider to date December 31, 2020, a seventh rider to date January 8, 2021, an eighth dated amending agreement July 30, 2021 and a ninth dated amending agreement August 30, 2021 (the “ARCA“) with a syndicate of lenders led by Alberta Treasury Branches and comprising the Business Development Bank of Canada (BDC) and Roynat Capital under a tenth ARCA amendment agreement effective date September 29, 2021. ARCA has consolidated certain amendments to the credit agreement dated 25 Aug 2014, among others.
In accordance with ARCA’s Tenth Amending Agreement, the lenders and LHIC have agreed, among other things:
Lakeview Hotel Investment Corp is listed on the TSX Venture Exchange under the symbol “LHR”. Lakeview Hotel Investment Corp receives revenue from the ownership, management and licensing of hotel properties.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Lakeview Hotel Investment Corp
See original content: http://www.newswire.ca/en/releases/archive/September2021/29/c8363.html