DEBT REPROFILING
The TSX-listed stock of Brazil-focused fertiliser producer MBAC Fertilizer on Wednesday jumped by as much as 157%, or C$0.11, after the struggling company reported that it had signed final agreements with its senior lenders to extend the maturity of its loans and defer related interest and principal repayments for a period of up to two years.
The company had been struggling with lower-than-expected working capital levels, restricting it to buy consumables and spare parts, which caused interruptions, delays and operational inefficiencies.
This content is only available to subscribers.
Forgot your password? Click here
Don't have any login details?
Free Trial Access
