Feronia misses coupon on 12% convertible debentures due 2022

By Marisa Wong

Los Angeles, Jan. 2 – Feronia Inc. did not make the scheduled semiannual interest payment of C$321,780 due on Dec. 31 on its outstanding 12% convertible subordinated debentures maturing July 24, 2022, according to a press release.

Management is in ongoing discussions with its lenders and major shareholders and is reviewing various short- and long-term financial alternatives, the company said.

Feronia is an agribusiness operating in the Democratic Republic of the Congo.

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