News

PGG Wrightson Finance's debt holders better with Heartland

Tuesday 12th of July 2011

In the next step towards Heartland purchasing PWF, the latter's debt holders, bondholders and secured and unsecured depositors, are to vote on the switch on August 8.

Northington says while some PWF investors will switch from a secured position to an unsecured position, "we believe that the practical impact of the change in security position will be limited."

Heartland has a highe...

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