December 13, 2019 |
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
Argentine real estate developer says it now will allocate resources "more efficiently"