hereIt cautioned that if it cannot reach an agreement and is placed in administration, then without critical up-front funding from its lenders, “there is a risk that centres may have to close for a period”.Owners Intu Properties is trying to negotiate a freeze on loan repayments to its banks but demands from landlords is increasingly making this unlikely.Earlier this month, Intu secured debt waivers until June 26 but said it still expects to breach its debt commitments by this deadline amid falling rental payments.The company said at time that it would put agreements with creditors on hold to ride out the current crisis.Intu was already under financial pressure as it came into the coronavirus pandemic, selling properties in the UK and Spain.
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