Centro chief executive Glenn Rufrano also said it was his preference to stay on at Centro as its boss beyond January when his formal contract runs out. He said he was keen to manage the company as it stabilises and begins to reorganise its corporate structure assuming its debt problems are eventually solved.
"US private placement noteholders and the Australian financiers have confirmed their satisfaction with Centro's progress towards its recapitalisation and that the facilities of $US450 million and $3 billion respectively, remain extended to 15 December 2008,'' Centro said.
The company also said that a separate but related deadline of September 30, by which time Centro had to satisfy the demands of its Australian financiers, US private placement noteholders and the US lending group over the terms of asset sales and the use of proceeds from those sales, had also been met.
0 comments:
Post a Comment