Goodpack clears final hurdle with bondholders


LOCAL logistics packaging firm Goodpack has secured the consent from holders of the last of its bonds in waiving certain conditions that would be non-compliant as a result of the acquisition by KKR.

Goodpack has had six series of notes under its S$600 million multi-currency medium-term note programme established on June 18, 2010.

The proposed takeover bid by private equity firm KKR would have made some of the conditions in the notes non-compliant, as well as given rise to the occurrence of...

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