WorldCall Telecom Limited (WTL) proudly announces that it has successfully closed the restructuring of its Term Finance Certificates (TFC – III). The ceremony was held in Marriot Karachi where Babar Ali Syed, CEO WTL, Muhammad Azhar Saeed, CFO, Faisal Ahmed, Director, and Murtaza Raza, Chief Strategy Officer, were present.
The salient features of the Deed are as follows:
The company has made payment of Rs. 125 million and Rs. 50 million for the 2 installments due to date against the principal amount under the restructuring terms. This would improve the current ratio and regularize secured creditors. Further, the financial burden would also be eased out.
The transaction was executed with full support and commitment of new SPONSORS and they remain confident of maintaining positive momentum for COMPANY’s FUTURE.