Centro debt deal done, now for a restructure
Turi Condon From: The Australian July 30, 2010
Troubled Centro Properties Group has struck deals to extend or refinance $US2.7 billion ($3bn) of debt in its US business.
But it still faces its biggest test -- to win bank support for a restructure before more than $10bn of debt matures in December next year.
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Banks want most of their money back unfortunately
businness spectator atricle of rumoured offer, page-4
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