Conygar

Property investment and development group Conygar has completed a significant restructuring of its debt facility with Barclays, securing an updated agreement to bolster support for its Nottingham-based assets.

Summary of transaction details:

• Value: £38.8 million
• Sector: Real Estate
• Advisor: Not specified
• Key Entities: Conygar (Target), Barclays (Lender)
• Location: Nottingham, UK

Note: This restructuring provides Conygar with additional headroom, extending the repayment deadline to March 31, 2027, and capping the loan-to-value covenant at 60%, ensuring continued strategic support for The Island Quarter development.