
DR - Finance companies
South Canterbury agrees to repay US investors
Thursday 15th of October 2009
The five US noteholders became entitled to seek immediate repayment of the US$100 million once South Canterbury breached various financial covenants.
SCF says, in a statement to the stock exchange, that it has "reached agreement in principle" on repayment terms with the noteholders.
The agreement provides for the principal to be repaid over the next five and a half months.
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