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People & Business :: Companies

Titan May Restructure Debt

12:21 PM MDT | September 22, 2009 | Nancy Seewald

Logistics firm Titan Petrochemicals Group (Hong Kong) says it may restructure its senior notes as. The company says it expects to enter into discussions with holders of its $400 million, 8.5% guaranteed senior notes due 2012, regarding a possible restructuring that may entail the issue of new debt and/or equity or equity-linked securities. Titan also says it has made the most recent interest payment due on the notes. Titan announced in July that it was conducting a strategic review of its capital structure that could include, among other things, a forbearance or...

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