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Forth Ports forced to renegotiate Ocean Terminal financing
(The Herald)
December 24, 2008
Tim Sharp - City Editor, The Herald
FORTH Ports has been forced to renegotiate its financing for Ocean Terminal in Edinburgh after its plunging value threatened its agreement with lenders.
It sought a new deal from banker HBOS to avoid breaching terms governing the maximum loan-to-value ratio for the centre, which is at the heart of a £700m redevelopment scheme for Leith Docks ...... Read more on The Herald
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