Business Irish

Monday 19 February 2018

What REO is looking for from NAMA

Key assumptions made in the group's business plan include:

  • NAMA to renew bank loans amounting to £780m (€890m) on "broadly similar terms" as before.
  • An agreement by NAMA to defer interest payments.
  • NAMA will provide working capital facilities.
  • Certain fees paid by REO to Treasury Holdings will be capped.
  • REO's interest in Battersea Power Station will be restructured and new investors will be brought in.

Irish Independent

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