TGLT restructures $150 mln debt

TGLT restructures $150 mln debt

Debt Equity Loans Bonds Corporate & Sovereign Strategy Argentina

Argentine real estate developer TGLT said Thursday it has completed a multi-pronged restructuring of $150 million in debt, putting it back in position to grow the business. The company raised $180 million through a share sale, refinanced a $25 million bond and borrowed $27.6 million from Banco Itaú, it said in a securities filing. "The company has significantly improved its debt profile and is in a position to reconstitute its net equity," TGLT said. With the reduction in debt, the focus now wil

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