US PE fund seeks to restructure Sh1.6bn Mombasa Tycoon's debt

Mr Rajinder Baryan, one of Multiple ICD’s co-owners. PHOTO | DIANA NGILA | NMG

American private equity fund wants to renegotiate payment terms of a Sh1.6 billion loan with a Mombasa bases inland container depot operator following cash flow constraints caused by the Covid-19 pandemic.

TriLinc Global Impact Fund made the revelations in fillings at the United States Securities Exchange Commission.

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