Plaza refinances loan for Riga centre

Plaza Centers' 50%-held Latvian subsidiary has signed a new 59.3m investment loan with a consortium comprising two banks for a shopping and entertainment centre in Riga, Latvia.

The new facility has a duration of four years compared to the previous loan, which was due for repayment on 30 June 2014.

A pivotal moment in PLAZ recent history - bottom feeding time..........................

fantastic RNS- sneaked in almost not noticed:

RNS RNS RNS stonking news sneaked in on the quiet - all systems go :

Restructuring

RNS

RNS Number : 8412M

Plaza Centers N.V.

21 July 2014



21 July 2014

Plaza Centers N.V. (the "Company" or "Plaza")

PLAZA SUCCESFULLY COMPLETES DEBT RESTRUCTURING AND EMERGES FROM REORGANISATION PROCEEDINGS

Plaza today announces that, following the Dutch Court ('the Court') approving the Dutch restructuring plan (the "Plan") on 9 July 2014, it has received confirmation that the decision of the Court has become irrevocable and, as a result, the date of 18 July 2014 is the "Effective Date" as defined in the Plan on which the Plan becomes binding and effective.

As a consequence of the confirmation decision becoming final, the suspension of payment proceedings, which commenced on 18 November 2013, has today come to an end and the Company has successfully emerged from the reorganization proceedings. Accordingly, the administrator appointed by the Court to manage the affairs of the Company alongside the existing management is no longer in office and Plaza's management has resumed full control of the business.

All information regarding Plaza's debt restructuring process is available to view on the Company's website at www.plazacenters.com.