| Home : MBAC Signs Senior Debt Extension Agreements, Receives Indication of a Commitment for Additional R$16 MM of Working Capital and Provides Update on Liquidity Initiatives |
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Oct 22
2014 |
MBAC Signs Senior Debt Extension Agreements, Receives Indication of a Commitment for Additional R$16 MM of Working Capital and Provides Update on Liquidity Initiatives |
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TORONTO, ON--(Marketwired - October 22, 2014) - MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX: MBC) (OTCQX: MBCFF) today announced that it has 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 loans were originally incurred to build the Company's Itafós operations in Brazil and begin production of Single Super Phosphate ("SSP"). |
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| Source:http://www.marketwired.com/mw/release.do?id=1960004&sourceType=3 |
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