Allco extends Alleasing's senior and mezzanine facility
Allco Managed Investment Funds has advised that Alleasing’s senior facility and mezzanine facility has been extended to November 30 and December 1 respectively, due to delays in the completion of the transaction.
Allco, as the responsible entity of Allco Hybrid Investment Trust, has entered into an agreement for the sale and purchase of all the shares in Alleasing and the assignment of certain loans. The transaction is subject to regulatory approvals along with approval of Alleasing’s hybrid holders, financing, and change of control, which has not yet taken place.
The transaction is scheduled to be completed on November 28.
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