BRIEF-Lightstream says recapitalization will reduce annual interest expense by about $108 mln

Fri Sep 9, 2016 5:50pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Sept 9 (Reuters) - Lightstream Resources Ltd

* Announces mailing of management information circular with respect to proposed plan of arrangement and special meeting

* Board of directors believe that recapitalization represents best alternative available to address company's capital structure and liquidity needs

* Recapitalization will reduce financial risk by retiring about $1.175 billion in debt

* Recapitalization will reduce annual interest expense by about $108 million Source text for Eikon: Further company coverage: