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Thailand Refinery Aims to Reschedule Debts.
Byline: Busrin Treerapongpichit
May 2--Star Petroleum Refining Co, a joint venture between Caltex Thailand and PTT Plc, is set to reschedule its debts worth US $400 million over seven years, in a bid to accommodate the purchase of shares in Star by Oman Oil Co.
Star would sign the debt rescheduling agreement with creditors in the next few months, said Pichai Chunhavajira, senior executive vice-president for corporate finance at PTT which holds a 36 percent stake in the refinery.
Under the agreement, the repayment period would be extended by two years, to 2009 from 2007. In either case, repayments would begin in 2003. The repayment pattern would ...
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