Thai Union Approves Guarantee of USD 65 Million Credit to Red Lobster
This week Thai Union sent a notification of the approval to provide partial guarantee for Red Lobster Master Holdings to the Stock Exchange of Thailand. The details of the transaction state the Thai Union Group, or any of its subsidiaries, will provide financial assistance through a guarantee of a portion of Red Lobster Master Holdings’ credit facility. The document states that the amount of the guarantee will not exceed USD 65 million, which is approximately 25% of the outstanding credit facility balance.
Thai Union’s board of directors approved...
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