"After the initial shock and disappointment of the need for receivership to protect our stakeholders, we are pleased to have established a base from which to move forward proactively," PFG chairman Barney Sundstrum, said.
The company's short-term plans remain focussed on a reestablishment period post the restructure and making the first distribution to debenture holders.
The company is planning to make the first payment to debenture stockholders February 20.
« Council to issue up to $200 mill in bonds | [Opinion] View From a Finance Company » |
Special Offers
© Copyright 1997-2024 Tarawera Publishing Ltd. All Rights Reserved