Brief: MBAC fertilizer announces recapitalization transaction

Itafos

05/04/2016 12:29

April 5 (Reuters) - Mbac Fertilizer Corp  MBC.TO  
    * Announces recapitalization transaction 
    * Says upon implementation, recapitalization is expected to 
result in a significant reduction of debt 
    * Entered into a support agreement with Zaff LLC 
    * Recapitalization contemplates Zaff will acquire  
substantially all outstanding secured and guaranteed funded debt 
of Co, Brazilian unit 
    * Recapitalization has been approved by board of directors 
of company 
 
Source text for Eikon:  ID:nMKWDtLtsa  
Further company coverage:  MBC.TO