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Olympia York Developments Inc

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June 24, 1992 | From Reuters
Olympia & York, in a bid to keep its U.S. properties out of bankruptcy court, is proposing to sell some of its real estate outside New York, but a source close to the developer denied reports Tuesday that it is seeking another $100 million in loans. "There are no plans to seek $100 million in new money. They're going to seek concessions" from lenders, the source told Reuters.
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BUSINESS
June 24, 1992 | From Reuters
Olympia & York, in a bid to keep its U.S. properties out of bankruptcy court, is proposing to sell some of its real estate outside New York, but a source close to the developer denied reports Tuesday that it is seeking another $100 million in loans. "There are no plans to seek $100 million in new money. They're going to seek concessions" from lenders, the source told Reuters.
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