Brief: JBF Industries Enters Arrangement With KKR To Restructure JBF Global Pte (Singapore)

JBF Industries

15/05/2018 10:04

May 15 (Reuters) - JBF Industries Ltd  JBFI.NS :
    * 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: http://bit.ly/2GhupmH
Further company coverage:  JBFI.NS 

 ((Reuters.Briefs@thomsonreuters.com;))