September 9, 2016 / 9:52 PM / in a year

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

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:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below