Centerline pushes out term loan reduction date again

By Sara Rosenberg

New York, Dec. 8 - Centerline Holding Co. once again extended the date by which its term loan must be reduced to $50 million, this time pushing it out to Dec. 12 from Dec. 5, according to an 8-K filed with the Securities and Exchange Commission on Monday.

The extension was done in order to give the company more time to put a long-term refinancing of its existing senior debt in place.

The amendment was completed on Dec. 5.

Centerline is a New York-based investment holding firm.

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