BRIEF-MBAC fertilizer announces recapitalization transaction
April 5 (Reuters) - Mbac Fertilizer Corp
* Announces recapitalization transaction
* Says upon implementation, recapitalization is expected to result in a significant reduction of debt
* Entered into a support agreement with Zaff LLC
* Recapitalization contemplates Zaff will acquire substantially all outstanding secured and guaranteed funded debt of Co, Brazilian unit
* Recapitalization has been approved by board of directors of company Source text for Eikon: Further company coverage:
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