INDONESIA: Great River Reaches Creditors Debt Deal
Troubled garment giant Great River International revealed on Wednesday it has reached an agreement with its foreign creditors on a deal to buy back $172.5 million debt for approximately 15 cents per dollar of debt.
The company said in a statement to the The Asian Wall Street Journal it would pay $26m to buy back its debt, with $24m provided by an undisclosed "new source" and $2m from its own cash.
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