The extension of the bridge loan has been canceled for the project that IGIS Asset Management is developing to combine the Metro Tower and Seoullo Tower sites in the Seoul Station area. The bridge loan reached its maturity on January 19, but KB Kookmin Bank refused to extend the maturity, resulting in the failure to obtain consent from all major creditors, which led to an EOD. However, according to the loan agreement, the execution of the collateral rights will be postponed for the next 30 days, and IGIS plans to resolve the EOD during this period by restructuring its finances to normalize the business.   Fourth Bridge Loan […]