BRIEF-Bio Pappel announces debt reduction plan of $100 mln

martes 7 de junio de 2016 09:21 GYT

June 7 (Reuters) - Bio Pappel SAB de CV :

* Said on Monday plans to reduce debt by $100 million

* To amortize $42 million of syndicated loan by Nov.

* To carry out early repayment of bonds due in 2020 for $58 million

* Once operation is completed, net company debt will reduce 1.7 times

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(Gdynia Newsroom)