Anthracite Capital covenant default, going-concern waivers extended

By Caroline Salls

Pittsburgh, April 15 - Anthracite Capital, Inc.'s secured credit facility lenders have agreed to extend the company's waivers to April 24 from April 15 while talks continue between Anthracite and the lenders, according to a company news release.

As previously reported, the waivers cover going-concern reference and covenant defaults.

Anthracite Capital is a New York-based specialty finance company focused on investments in high-yield commercial real estate loans and related securities. The company is externally managed by BlackRock Financial Management, Inc.

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