Edition:
United Kingdom

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


Tuesday, 15 May 2018 

May 15 (Reuters) - JBF Industries Ltd ::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. 

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