Monday 16 October 2017 by William Arnold Company updates

Mackay Sugar update

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On 9 October 2017, Mackay Sugar provided an update on the $2 grower contribution and on the progress of the potential sale of the cogeneration plant

Mackay Sugar management is actively pursuing a number of strategic business initiatives that include asset sales, recapitalisation, improving profitability and reducing debt. If management’s plans are not completed in a timely manner, then there is a possibility that bonds may be not repaid in full at the 5 April 2018 maturity date. 

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