Maple Energy still trying to sort out ethanol debt refinancing

In Peru, Maple Energy is still trying work with its senior lenders to repay the debt belonging to its ethanol companies. All of the fixed assets held by the ethanol companies has been transferred by the trustee acting on behalf of the senior lenders to subsidiaries of Grupo Gloria for about $108 million before taxes. Peru’s ACC infrastructure investment fund has also converted its class A convertible shares and class B convertible preferred shares in The Maple Companies in a $750,000 trade funded by senior lenders.

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