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Abitibibowater Announces Signing of A Binding Agreement For The Sale of Its 75% Interest In Its Ontario Hydro Assets For Cash Proceeds of C$300 Million

By TechAgreements

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Cash proceeds for AbitibiBowater's 75% indirect interest will be approximately C$300 million and will be used to reduce the Company's debt, to enhance liquidity and for general corporate purposes. As part of the transaction, ACH LP will maintain its outstanding debt with the Caisse with a face value of C$250 million. The agreement values the hydro assets, which have a combined capacity of...

Full post as published by TechAgreements on February 17, 2011 (boomark / email).

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