Brief: Brookfield Real Estate Announces Amended Finance Arrangements

Bridgemarq Real Estate Services

14/12/2018 12:02

Dec 14 (Reuters) - Brookfield Real Estate Services Inc
 BRE.TO :
    * BROOKFIELD REAL ESTATE SERVICES INC. ANNOUNCES AMENDED
FINANCE
ARRANGEMENTS
    * BROOKFIELD REAL ESTATE SERVICES INC - AMENDED AND RESTATED
ARRANGEMENTS ARE EFFECTIVE FROM JANUARY 1, 2019.
    * BROOKFIELD REAL ESTATE SERVICES INC - AMENDMENTS SEE
EXTENSION
OF COMMITTED DEBT FACILITIES TO DECEMBER 31, 2023
    * BROOKFIELD REAL ESTATE SERVICES INC - AMENDMENTS SEE
INCREASE IN
MAXIMUM BORROWINGS UNDER DEBT FACILITIES FROM $78 MILLION TO $80
MILLION.
    * BROOKFIELD REAL ESTATE SERVICES INC - AMENDMENT SEES
REDUCTION
IN REQUIRED EBITDA TO INTEREST COVERAGE RATIO FROM 5.0 TIMES TO
3.0 TIMES.

Source text for Eikon:  ID:nCNWmMQ73a 
Further company coverage:  BRE.TO 

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