Wednesday 20, May 2009 by

Anthracite Capital restructures secured credit facilities

Anthracite Capital said that it has entered into a series of amendments to its secured credit facilities with Bank of America, Deutsche Bank, and Morgan Stanley, aka the Secured Creditors. The facilities have been amended to provide similar terms which, among other things, extend the maturities of all facilities to 30 September 2010 and eliminate all mark to market provisions.

Features & Analyses