Completion of Debt Facility Restructuring
The Conygar Investment Company PLC has successfully restructured its debt facility with Barclays Bank PLC, maintaining the loan at £38.8 million after a £3.9 million part repayment in December 2025. The agreement caps the loan to value covenant at 60% and extends the final repayment date to March 31, 2027, which will support the ongoing letting and stabilization of the Winfield Court student accommodation development at The Island Quarter in Nottingham, alongside the 1 TIQ venue, both serving as security for the loan.
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Debt facility restructuring
The Conygar Investment Company PLC ("Conygar"), the property investment and development group, announces the completion of its debt facility restructuring in connection with the loan provided by Barclays Bank PLC ("Barclays") to a wholly owned subsidiary of the Company.
The restructuring retains the loan facility at £38.8 million, following a £3.9 million part repayment in December 2025, caps the loan to value covenant at no more than 60% and extends the final repayment date to 31 March 2027. This will enable the further letting and stabilisation of Winfield Court, the student accommodation development at The Island Quarter in Nottingham, which in addition to 1 TIQ, the food, beverage and events venue in Nottingham, provides security for the loan.
Robert Ware, Chief Executive of Conygar, commented:
"We are delighted to have extended the loan facility with Barclays which will enable the continuing stabilisation of our student accommodation throughout the 2026-2027 academic year."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.