date:Jun 28, 2013
ured its debt in February 2012, following an agreement with its investors to reduce from its debt from 380m to 90m and extend the maturity. It was also agreed to allow the repayment of principal and payment of interest at maturity.
Panrico CEO John Casaponsa said, This operation can write off the balance of the company to focus on our strategic plan to stabilize sales and reduce operating costs in order to change the sign of our results and ensure the future of the company.
Panrico, based in