Celulosa lifts default by completing debt swap

Celulosa Argentina completed the debt swap of the remainder of its Class 10 obligations for which it had entered in default last December. The company informed the National Securities Commission (CNV), that “the remaining outstanding of the Class 10 NOs, amounting to $2 million, representing 3.40% of the nominal value of Class 10 NOs, it will be paid in full with the proceeds of the placement of class 15 negotiable obligations of the Company, which have already been auctioned and awarded. ”

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Source: Ámbito

Categories: Business