Decision details
Poplar Baths - Refinancing
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
The senior financing debt arranged for the
Poplar Baths project was due to mature in 2019 and this has been
extended whilst the detailed arrangements were being finalised. A
refinancing exercise has been carried out by the Project Company
and this is now ready for executing.
Decision:
The recommendations were amended and then agreed.
DECISION
1. To agree the arrangements for the refinancing of the Poplar Baths Scheme
2. To delegate to the Corporate Director, Resources in consultation with the Corporate Director, Governance, approval for changes to the project documentation to give effect to the refinancing proposal (including but not limited to paragraph 3.41 of the report) and to finalise and arranging the execution of all arrangements and documents (including those ancillary to the documents mentioned [above]).
Action by:
CORPORATE DIRECTOR, RESOURCES (N. MURTON)
Report author: Neville Murton
Publication date: 28/02/2020
Date of decision: 26/02/2020
Decided at meeting: 26/02/2020 - Cabinet
Effective from: 07/03/2020
Accompanying Documents:
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