Titan Petrochemicals Group plans to restructure US$315.4 million worth of 8.50% guaranteed senior notes due 2012 to improve its capital structure and extend the notes' maturity.
For each US$1,000 inn principal of the existing notes, the debt-laden oil trader and shipper proposes to offer: US$199 in principal of new notes due 2015, 3,075 new shares and a cash payment of US$12.
For more details on Titan Petrochemicals plans emergency restructuring click here
Friday, December 11, 2009
Titan Petrochemicals plans emergency restructuring
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment