Issue details
Poplar Baths - Refinancing
PDF 213 KBThe senior financing debt arranged for the
Poplar Baths project is due to mature in 2019, prompting a
refinancing exercise to be carried out by the Project
Company.
A number of options are being explored to ensure that the
Council’s interests are protected in the refinancing exercise
and this includes the exploration of the Council providing the
senior debt to the project.
Decision type: Key
Reason Key: Expenditure or Savings of over £1 Million;
Decision status: Recommendations Approved
Wards affected: Bethnal Green East; Poplar;
Notice of proposed decision first published: 20/06/2019
Anticipated restriction: Fully exempt (the whole report will be exempt) - View reasons
Explanation of anticipated restriction:
Commercially confidential information included
Decision due: 31 Jul 19 by Cabinet
Lead member: Cabinet Member for Resources and the Voluntary Sector
Lead director: Corporate Director, Resources
Department: Resources
Contact: Neville Murton, (Corporate Director, Resources) Email: neville.murton@towerhamlets.gov.uk.
Consultation process
None
Consultees
Lead Member for Resources and the Voluntary
Sector
Has an Equality Analysis been carried out and if so the result of this Assessment?: N/A
What supporting documents or other information will be available?: Report from the Council’s Treasury Management advisors covering diligence for the proposed investment
Decisions
- 02/08/2019 - Poplar Baths - Refinancing
Agenda items
- 31/07/2019 - Cabinet Poplar Baths - Refinancing 31/07/2019
Documents
- Poplar Baths - Refinancing