Barclays Loan Extension and Notice of Results
The Conygar Investment Company PLC has restructured its development loan with Barclays for the Winfield Court student accommodation, extending the repayment date from December 23, 2025, to December 23, 2026. The total loan facility has been reduced from £43.6 million to £38.8 million, reflecting a £3.9 million repayment and cancellation of an undrawn £0.9 million facility. Additionally, the company will provide its 1 TIQ restaurant and events venue as further security, allowing the loan to value covenant to be reduced to 60%. The company also announced that its audited annual accounts for the year ended September 30, 2025, will be published in January 2026.
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The Company announces that it has agreed with Barclays to restructure its development loan, provided in connection with the Winfield Court student accommodation at The Island Quarter in Nottingham, to extend the final repayment date from 23 December 2025 to 23 December 2026.
The revised terms include the reduction of the total loan facility from £43.6 million to £38.8 million by way of a £3.9 million loan repayment and cancellation of the £0.9 million undrawn facility. In addition, the Company will provide, as additional security for the loan, its 1 TIQ restaurant and events venue at The Island Quarter such that the loan to value covenant can be reduced to no more than 60%.
The Company also announces that its audited annual accounts for the year ended 30 September 2025 will be published in January 2026.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.