Grubb & Ellis obtains extension of loan waiver to May 5 from April 28

By Sara Rosenberg

New York, May 1 - Grubb & Ellis Co. received an extension of its loan waiver to May 5 from April 28, according to an 8-K filed with the Securities and Exchange Commission on Friday.

The waiver covers compliance with requirements to dispose of certain real estate properties and deliver audited year-end financial reports.

Deutsche Bank is the administrative agent on the deal.

The company is currently in negotiations with lenders to amend the credit facility.

Grubb & Ellis is a Santa Ana, Calif.-based commercial real estate services company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.