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News Breaks | | | | September 27, 2012 | | 09:10 EDT |  | ATL, AGPPF | Atlatsa, Anglo Platinum agree to first phase of restructure plan
Atlatsa Resources (ATL) announces it has concluded an interim implementation agreement with Anglo American Platinum (AGPPF), comprising the first phase of its restructuring, recapitalization and refinancing plan for the company, its wholly owned subsidiary, Plateau Resources Proprietary Limited and the Bokoni group of companies. Conclusion of the first phase agreement will simplify Atlatsa's balance sheet structure and materially reduce its effective cost of borrowing. Closing of the above-mentioned transaction is expected to occur on or about September 28. | |
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