WINNIPEG, Jan. 3, 2020 /CNW/ - Lakeview Hotel Investment
Corp ("LHIC") announces that it has amended its amended and
restated credit agreement dated January 31,
2018 as amended by a first amending agreement on
December 18, 2018 and a second
amending agreement on June 19, 2019
(the "ARCA") with a syndicate of lenders led by Alberta
Treasury Branches and including Business Development Bank of
Canada (BDC) and Roynat Capital
pursuant to a Third Amending Agreement to the ARCA dated
December 31, 2019. The ARCA
consolidated certain amendments to the credit agreement dated
August 25, 2014, among other
things.
Pursuant to the Third Amending Agreement to the ARCA, the
lenders and LHIC have agreed, among other things to extend the
maturity date under the ARCA from December
31, 2019 to January 13,
2020.
Lakeview Hotel Investment Corp is listed on the TSX Venture
Exchange under the symbol "LHR". Lakeview Hotel Investment
Corp receives income from ownership, management and licensing of
hotel properties.
The TSX Venture Exchange nor its Regulation Service Provider
(as the term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Lakeview Hotel Investment Corp