PKBR Staff Writer
Published 24 October 2017
West African glass producer Frigoglass has completed the restructuring process of the group.
The restructuring process has allowed the company to reduce its outstanding gross indebtedness by around 138m.
Frigoglass also secured 70m of additional liquidity to fulfill its business requirements, as well as restructuring-related expenses.
According to the company, the significant decrease of annual interest cost to approximately 13m through reduction of indebtedness and lower interest cost on the groups remaining indebtedness.
With commitment of around 4.5 years, the maturities of almost all of the groups indeb…
Read the full article at: http://packagingmaterials.packaging-business-review.com/news/frigoglass-completes-restructuring-process-241017-5955330