debt
confidence high
sentiment negative
materiality 0.70
Trinity Place extends forbearance with all three lenders to Jan 31, 2024; condition tied to consent solicitation
Trinity Place Holdings Inc.
- Mortgage lender extended forbearance from Dec 20, 2023 to Jan 31, 2024, conditional on filing preliminary consent solicitation by Jan 5, 2024.
- Mezz and CCF lenders extended forbearance from Dec 31, 2023 to Jan 31, 2024, conditional on Mortgage lender continuing to forbear.
- Extensions relate to previously disclosed defaults under Mezz Loan, CCF Credit, and Mortgage Loan agreements.
- Company must file shareholder consent solicitation regarding proposed transactions with CCF Lender / affiliates by Jan 5 to maintain Mortgage forbearance.