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LENDERS OF AUSTRALIA'S PAPERLINX EXTEND WAIVERS.
SYDNEY, April 1 Asia Pulse - Australian paper merchant PaperlinX Ltd (ASX:PPX) says its lenders and noteholders have extended waivers relating to the company's non-compliance with some of its financial ratio covenants.
The waivers have been extended to May 31, pending the sale of Paperlinx's sale of Australian Paper or agreement over alternative long-term arrangements.
As a result, Paperlinx will provide its lenders with security over certain assets agreed under the initial waivers granted in February.
Under the terms of the initial agreement, Paperlinx is paying higher lending margins, and has paid facilitation fees.
Those higher margins are expected to result in net interest costs of ...
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...From Bulletin Wire) Paperlinx Ltd says it will close...1 paper machine at Australian Paper's Shoalhaven Mill...mill at Maryvale. Paperlinx made the announcement...turn the corner on Australian Paper in this depressed...said. Mr Park said Paperlinx would continue to...
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- News wire article from: AsiaPulse News February 16, 2009 700+ words
...Asia Pulse - PaperlinX Ltd has offloaded its Australian Paper unit to Japan...indicated," PaperlinX said. While the Australian Paper sale will...of each. PaperlinX chairman David...Meiklejohn said the Australian Paper divestment...
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- News wire article from: AsiaPulse News February 11, 2003 700+ words
...conditions. The group's Australian Paper communication papers...80.04 million). Paperlinx's corporate and...has sold, including Australian Paper Plantations, Amtrade...Commonwealth Paper. Paperlinx added that it had...
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- News wire article from: AsiaPulse News February 27, 2009 700+ words
...impairment on its Australian Paper unit, but says...reasonable". PaperlinX, which is selling Australian Paper to Nippon Paper...transformation from an Australian paper manufacturer to...distribution company," PaperlinX Chief Executive...
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- News wire article from: Asia Africa Intelligence Wire August 26, 2004 700+ words
...Pulse - Paper company PaperlinX Ltd (ASX:PPX) today...impact on the results of PaperlinX's Australian manufacturing business, Australian Paper. The company reported...company said. Mr Park said PaperlinX's paper merchanting...
Source: HighBeam Research, LENDERS OF AUSTRALIA'S PAPERLINX EXTEND WAIVERS.