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Conygar Investment Agrees with Barclays to Restructure Loan

MT Newswires·12/19/2025 07:49:08
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07:49 AM EST, 12/19/2025 (MT Newswires) -- Conygar Investment (CIC.L) said Friday it reached an agreement with Barclays to restructure its development loan. The 43.6 million-pound-sterling loan was reduced to 38.8 million pounds through the repayment of 3.9 million pounds and cancellation of a 900,000-pound undrawn facility. Its final repayment date was also extended a year later to Dec. 23, 2026. The property investor and developer also agreed to use its 1 The Island Quarter restaurant and events venue in Nottingham, UK, as additional security. The loan was provided for the company's Winfield Court student accommodation in Nottingham.