WINNIPEG, MB, Sept. 29, 2021 /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, a second amending
agreement on June 19, 2019, a third
amending agreement on December 31,
2019, a fourth amending agreement dated January 13, 2020, a fifth amending agreement
dated May 31, 2020, a sixth amending
agreement dated December 31, 2020, a
seventh amending agreement dated January 8,
2021, an eighth amending agreement dated July 30, 2021 and a ninth amending agreement
dated August 30, 2021 (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
Tenth Amending Agreement to the ARCA dated effective September 29, 2021. The ARCA consolidated
certain amendments to the credit agreement dated August 25, 2014, among other
things.
Pursuant to the Tenth Amending Agreement to the ARCA, the
lenders and LHIC have agreed, among other things:
- To extend the maturity date under the ARCA from September 30, 2021 to December 15, 2021.
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