HFA Holding executives have arranged to restructure the company's debt repayment timetable.
Expenses related to the group's 2007 acquisition of Lighthouse Partners were imminent, but the executives announced the completion of a loan facility that would push back repayment to financiers to November 2011.
Debt accrued from Lighthouse acquisition
The debt restructuring deal comes at a time when HFA has seen a dip in fee revenue and assets under management.
The acquisition-related expenses totalled $586 million at the end of 2008, and negotiations with bankers were in relation to a $127.8 million facility under the