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Monday 16 October 2017 by FIIG Research

Company updates

Mackay Sugar update

THIS CONTENT IS SUITABLE FOR WHOLESALE INVESTORS ONLY

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.

The full report is available here. External link - opens in a new window Note the report will require a wholesale login

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