News Formal

'Critical milestone' as Nampak finalises most of its debt refinancing with lenders | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 80%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Debt-laden Nampak said on Monday it had effectively finalised refinancing deals with most of its lenders, in what Africa's largest packaging group described as a 'critical milestone' in its turnaround plan. | News24_Business

Debt-laden Nampak said on Monday it had effectively finalised refinancing deals with most of its lenders, in what Africa's largest packaging group described as a"critical milestone" in its turnaround plan.

The latest announcement is expected to bring comfort to the JSE-listed group's shareholders, as some of them saw the risk of banks foreclosing on Nampak's loans as an existential threat to the business, analysts have said. Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ESKOM UPDATES | Stages 1 to 3 load shedding to continue until Monday | BusinessESKOM UPDATES | Stages 1 to 3 load shedding to continue until Monday | News24_Business
Source: News24 - 🏆 4. / 80 Read more »