AI assistant
KEYBRIDGE CAPITAL LIMITED — M&A Activity 2013
Aug 13, 2013
65174_rns_2013-08-13_f9059801-486a-48cb-98ee-733bdf3a26bc.pdf
M&A Activity
Open in viewerOpens in your device viewer
==> picture [594 x 87] intentionally omitted <==
14 August 2013
Court Approves Scheme of Arrangement
Keybridge is pleased to announce that the Federal Court today approved the Scheme of Arrangement between Keybridge and PR Finance Group Limited (PRFG), with an effective date of 28 June 2013.
PRFG’s senior financier, Commonwealth Bank of Australia (CBA), did not provide their consent to the Scheme prior to the Court approval however this requirement has been waived by both Keybridge and PRFG. This notwithstanding, PRFG remains in breach of certain covenants in the CBA debt facility and they continue to reserve their rights in relation to the breaches.
Completion of the Scheme remains scheduled for 16 August 2013. Keybridge will keep shareholders informed as appropriate.
Keybridge Capital is a financial services company that has invested in, or lent to, transactions which are predominantly in the asset classes of property, aviation, shipping and infrastructure.
For further information, please contact:
Nicholas Bolton Executive Director Tel: +61 2 9321 9000 www.keybridge.com.au
Adrian Martin
Chief Financial Officer Tel: +61 2 9321 9000 www.keybridge.com.au
==> picture [596 x 55] intentionally omitted <==