Chesapeake Handed More Time Over Debt

Jill Park

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Chesapeake Handed More Time Over Debt

机译：切萨皮克将更多时间移交给债务

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Chesapeake's future was due to become clearer over the Christmas break after the carton manufacturer's banks last month granted it another extension to its refinancing deadline.rnThe banks gave Chesapeake until 23 December, after Packaging News went to press, to find a replacement to its $250m credit facility.rnThe Virginia-based group had been asked to refinance by 10 December, but announced the extension the day after.rnChesapeake president and chief executive Andrew Kohut said: "This extension on the forbearance agreement provides us additional time to finalise arrangements for the short-term and long-term financial liquidity and financial restructuring we need."rnUnder the terms of the extension, senior debt lenders have reserved the right tornrequire immediate repayment of all outstanding amounts.

机译：切萨皮克（Chesapeake）的前途应该在圣诞节假期期间变得更加清晰，因为纸箱制造商的银行上个月准许切萨皮克再次延长其融资期限。rn在《包装新闻》付印后，银行才给切萨皮克（Chesapeake）直到12月23日，以寻找其2.5亿美元的替代品。切萨皮克总裁兼首席执行官安德鲁·科胡特（Andrew Kohut）表示：“总部位于弗吉尼亚州的该组织已于12月10日前进行再融资，但宣布在第二天才延长贷款期限。”我们需要的短期和长期财务流动性和财务重组。”根据扩展条款，高级债务放贷方保留要求立即偿还所有未偿还款项的权利。

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《Packaging News》 |2009年第1期|2|共1页
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Jill Park;
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Chesapeake Handed More Time Over Debt

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