May 15, 2018 / 9:09 AM / in 2 months

BRIEF-JBF Industries Enters Arrangement With KKR To Restructure JBF Global Pte (Singapore)

May 15 (Reuters) - JBF Industries Ltd:

* JBF GROUP ENTERED INTO ARRANGEMENT WITH KKR FOR RESTRUCTURING OF EQUITY HOLDING, MANAGEMENT STRUCTURE OF JBF GLOBAL PTE (SINGAPORE)

* KKR WILL ARRANGE FOR LAST MILE FUNDING TO COMPLETE PTA PLANT, EXPECTED TO BE COMPLETED IN 4- 5 MONTHS

* PTA BUSINESS EXPECTED TO PRODUCE SIZEABLE EBITDA IN FIRST FULL YEAR OF OPERATIONS

* CO ENTERED INTO DISCUSSIONS WITH CONSORTIUM OF LENDERS FOR RESTRUCTURING OF DEBT OF AROUND 26 BILLION RUPEES Source text: bit.ly/2GhupmH Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below