Originally Posted by
DC3 Dave
So today is the day Carlyle require repayment of nearly 200 million from Esken. Any news from anywhere?
Things are moving this morning.
Carlyle has proposed, and Esken are considering, a restructuring plan for London Southend Airport Ltd. that would recapitalise the company. There is a deadline of 4th March 2024 for Esken to agree to this. The result would be that Esken's shareholding in LSA would be considerably reduced to a minority holding. Carlyle and Cyrus Capital Partners would fund the plan to secure the future of LSA.
The London Stock Exchange has this morning issued an RNS announcing this proposal. This proposal puts on hold of course the demand for immediate repayment of Carlyle's loan.