Walton Westphalia Development Successfully Pays out Project Senior Lender

Walton Westphalia Development Successfully Pays out Project Senior Lender

Walton Westphalia Development Successfully Pays out Project Senior Lender

Walton Westphalia Development Corporation (the “Corporation”) is pleased to announce that it has successfully repaid its senior lender in full. The balance, which was approximately US$16.3 million earlier this year, was paid from a combination of the proceeds of the sale of Phase 1A in January 2020 and cash on hand. The full pay out of the existing senior lender has now moved the second position lender WWMN, LLC into first position. “The reduction of debt on Westphalia Town Center pu...