The Quarto Group announced that it has successfully extended its current banking facility, originally set to expire in April 2019, for one additional year. In September, the company said it was close to concluding negotiations on their $80 million syndicated facility, noting that “the key terms, which include a debt reduction program, have been agreed and we expect to be able to announce details of the refinancing in the short term.” This modest one-year extension makes good on that promise — but was apparently made possible only by investors and affiliates, who agreed to step in with an additional $13 […]
