BRIEF-Sherritt provides update on Ambatovy JV financing and funding
June 15 (Reuters) - Sherritt International Corp
* Sherritt provides update on Ambatovy joint venture financing and funding
* Ambatovy JV financing lenders, Ambatovy entered into temporary deferral agreement to defer June 15 principal repayment due date to August 5
* An agreement in principle has been reached on future principal payment deferrals
* An interest payment of US$28 million (100% basis) to the lenders was made on June 15
* Continues not to fund cash calls, while Sumitomo Corp and Korea Resources provided necessary funding for interest payment and ongoing operations Source text for Eikon: (Bengaluru Newsroom; +1 646 223 8780; )
© Thomson Reuters 2017 All rights reserved.