Norwegian Forest Group with 2700 employees, must endeavor to find other solutions to the acute debt squeeze they are up to, after the company yesterday admitted that they do not fekk yes from enough creditors in a plan to have deleted a part of debt who is 8 and ein half billion.
Dispute between US funds
the group came not the goal of the plan, because it lasted discord among dei largest US debt-GIVARE about know who lost most such agreement was seen together.
Eit of worlds biggest investment funds – Blackstone, has lent much money in unfunded loans to Norwegian Forest and frei particles produce better protection for their investments in the company. While Citibank is the other groups Inga in this conflict, which among other things has led to ein judgment in ein court in New York this veka.
New deadline gives also probably the same result
A stocking deadline the current offer to creditors with a new date to say yes on March 21, is not waiting to give altered result for the company.
Norwegian Forest is an cleansers acute debt crisis, the company has not pengar dei next few years to repay principal and interest on everything they owe.
Dagens Næringsliv wrote yesterday that the debts of paper giant com in reality is 12 and ein half a billion, and the company can come to put Norwegian record sovereign defaults of debt.
oriented exchange about the situation
Norwegian Forest sending out the notification situation in Friday afternoon. It was not merry reading, either for the company’s employees in Trondelag, or all those forest its owners as on an or other show has Vore involved in building up the Norwegian Forest through fifty years in Trøndelag and Norway.
A Reality is no that the company can either go towards ein bankruptcy or that paper giant may be acquired by EiT larger group.
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