CALGARY, Alberta--(BUSINESS WIRE)--Walton Westphalia Development Corporation (the “Corporation”) announced that the Corporation has extended the maturity date of its 8% unsecured, subordinated, convertible, extendable debentures (“Offering Debentures”) and interest debentures issued under the Offering Debentures (together with the Offering Debentures, referred to herein as the "Debentures") from 4:00 p.m. (Calgary time) on March 31, 2019 to 4:00 p.m. (Calgary time) on March 31, 2020.
The extension of the maturity date of the Debentures is being completed by the Corporation in accordance with the terms of the trust indenture governing the Debentures dated February 27, 2012. No action is required by the holders of Debentures to give effect the extension.
The Corporation is managed by Walton Global Investments Ltd., and the development of the project is managed by Walton Development & Management (USA), Inc., both of which are members of the Walton Group of Companies.
The Walton Group of Companies (“Walton”) is a multinational real estate investment, planning and development group concentrating on the research, acquisition, administration, planning and development of strategically located land in major North American growth corridors.
Its communities are comprehensively designed in collaboration with local residents for the benefit of community stakeholders. Its goal is to build communities that will stand the test of time: hometowns for present and future generations.
This news release, required by Canadian laws, does not constitute an offer of securities, and is not for distribution or dissemination outside Canada. This news release contains forward looking information, and actual future results may differ from what is disclosed in this news release. The risks, uncertainties and other factors that could influence results are described in the prospectus and other documents filed with Canadian securities regulatory authorities and available online at www.sedar.com. Except as otherwise noted, all amounts are in Canadian dollars.