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    LHR   CA51222P1099

LAKEVIEW HTL

(LHR)
Delayed Bourse de Toronto  -  12/21 05:00:00 pm EST
0.0200 CAD    0.00%
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Lakeview Hotel Investment Corp Amends the Amended and Restated Credit Agreement

12/14/2021 | 10:59pm EDT

Lakeview Hotel Investment Corp. (LHIC) announced that it has amended its amended and restated credit agreement dated January 31, 2018 as amended by a first amending agreement on December 18, 2018, a second amending agreement on June 19, 2019, a third amending agreement on December 31, 2019, a fourth amending agreement dated January 13, 2020, a fifth amending agreement dated May 31, 2020, a sixth amending agreement dated December 31, 2020, a seventh amending agreement dated January 8, 2021, an eighth amending agreement dated July 30, 2021, a ninth amending agreement dated August 30, 2021 and a tenth amending agreement dated September 29, 2021 (the "ARCA") with a syndicate of lenders led by Alberta Treasury Branches and including Business Development Bank of Canada (BDC) and Roynat Capital pursuant to an Eleventh Amending Agreement to the ARCA dated effective December 14, 2021. The ARCA consolidated certain amendments to the credit agreement dated August 25, 2014, among other things. Pursuant to the Eleventh Amending Agreement to the ARCA, the lenders and LHIC have agreed, among other things: To extend the maturity date under the ARCA from December 15, 2021 to December 20, 2021.


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Managers and Directors
Keith Levit President, Chief Executive Officer & Director
Rudy Beyer Chief Financial Officer
Chris Miller Vice President-Operations
Sean Shore Independent Director
Lloyd Baker Independent Director