O&Y negotiates loans for Canary Wharf

Article Abstract:

Olympia and York Developments Ltd is attempting to arrange for C$309 million from lenders in Toronto, Ontario, to prevent bankruptcy of its Canary Wharf project in London, England. The company announced in Mar 1992 that it could not meet debt payments.

Publisher: Facts on File, Inc.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1992

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Olympia & York files for bankruptcy

Article Abstract:

Bankruptcy proceedings were begun by Olympia and York Developments Ltd in Canada and the US on May 14, 1992. The filings would affect the company's Canadian real estate holdings and its corporate holdings in the US and Canada.

Publisher: Facts on File, Inc.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1992
Cases, Bankruptcy

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Olympia offers 20% stake to banks

Article Abstract:

Real estate company Olympia and York Developments Ltd offered to trade 20% of its equity to its creditors for debt relief and new loans. The proposal was part of a five-year plan to prevent bankruptcy.

Publisher: Facts on File, Inc.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1992

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Subjects list: Real estate developers, Finance, Olympia and York Developments Ltd., Olympia and York Canary Wharf Ltd.
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