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Stock Market & Financial Investment News

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November 2, 2012
06:47 EDTGROAgria, New Zealand Bank in agreement facilitating repayment to LIC
Agria announced that it has reached agreement with New Zealand bank, a senior creditor, that paves way for Agria to repay a junior subordinated $8.2M loan granted by a strategic partner, Livestock Improvement Corp. , or LIC, to Agria. Under the arrangement with the New Zealand bank, the subordination arrangement was resolved, whereby, Agria will repay LIC an amount equal to not less than 50% of the loan extended by LIC on Dec. 19, with an equivalent amount being paid to the senior creditor. The balance due to LIC will be paid in March 2014, a date after maturity of a new facility agreed to be provided by the New Zealand bank. The financing was originally part of Agria Singapore Pte Ltd.'s previously announced partial takeover in 2011 of New Zealand-based PGG Wrightson, with the strategic view to enable LIC to participate in an opportunity for investment in the Agri-tech business of PGG Wrightson.
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September 17, 2014
05:29 EDTGROAgria announces feeding advisory issued by PGG Wrightson subsidiary
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