It appears the original leasee mentioned in the Borrower Proposal is no longer in business.
I cannot find any update anywhere.
Is anyone aware ?
I assume you mean CT and its parent company BN. Would be kind of hard not to be aware given the general Ablrate exposure to those entities but you are correct in that nothing specific has been reference to it on this loan. At least one of the pubs is entangled to some extent in the collapse of CT/BN as referenced in admin report. Loans to this borrower do tend to be a little vague on info amongst the complexity of the structure.
Minor shareholder in AC, Brickowner, FO, CP, WA, Propifi, Orca, Ccube, AE, ABL. AC beta tester.
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