Question: On Dec 3 1 , 2 0 2 3 , National Bank restructures a $ 1 0 . 5 million loan receivable with Resorts Corp.

On Dec 31,2023, National Bank restructures a $10.5
million loan receivable with Resorts Corp. by doing the following:
(1) reduces obligation to $9 million; (2) extends the maturity
date 4 years2023 to 2027; (3) reduces the interest rate from
12% to 8%. Market rate is currently 9%.

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