su zlomrex
The Groups capital structure relies on continued access to external financing and that
consists largely of the Notes maturing in February 2014. Recently, Cognor has agreed
contractually with 68.9% of the noteholders on a proposal for the refinancing. The
Company and its legal and financial advisors continue to progress the documentation of
this proposal, with the intention to make a further public announcement and reach
agreement with all remaining stakeholders in the near future.
IV. Business development
The Company intends to undertake the mid-term business development plans as
discussed in previous reports. We expect that the terms of the currently discussed
refinancing transaction will allow Cognor to facilitate realization of the expansionary CAPX
projects.