SHANGHAI - RISI today announced that several high-level speakers have been added to the conference program of the 10th Asian Pulp and Paper Outlook Conference. The event will be held at the Four Seasons Hotel in Shanghai, China, on June 8-10, 2009.
ATLANTA - Frank Monaco to Join Management Team
InComm, a leading provider of prepaid transaction processing and electronic point-of-sale (POS) distribution solutions, announced today that Frank Monaco will join InComm's management team as Vice President of International reporting to Brian Parlotto, Senior Vice President of Products and International.
ST PETER PORT, Guernsey - Eurocastle Investment Limited (Frankfurt Stock Exchange: EUI1 and Euronext Amsterdam: ECT) today announced that it has refinanced its EUR175 million corporate loan facility under which EUR115 million is outstanding today. Historically a 364 day facility, the restructured facility has been termed-out to mature on 30 June 2011. It contains scheduled amortisation payments requiring the facility to be paid down to EUR95 million by 30 June 2009, to EUR65 million by 31 December 2009, to EUR45 million by 30 June 2010 and to EUR20 million by 31 December 2010. The interest rate on the loan has increased from 2% to 8% over 3 Month Euribor and financial covenants have been substantially renegotiated to the benefit of Eurocastle. Eurocastle expects to try to raise additional capital in the near to medium term and, under the terms of the Facility, is required to raise at least EUR15.4 million in additional capital. It is expected that this would be raised primarily from existing shareholders and Eurocastle is pleased to confirm that it has already secured a conditional undertaking from a major shareholder in relation to EUR15.4 million in new capital. Further details of any capital raising plans are expected to be published in the coming weeks.
NEW YORK and BERLIN - artnet is pleased to announce that it is publishing Artful Tom, the new memoir by Thomas Hoving, best-selling author and former director of the Metropolitan Museum of Art. The memoir is being published exclusively on artnet in weekly installments beginning with Chapter 1, which is available in artnet Magazine today (www.artnet.com/ArtfulTom).
CINCINNATI - Chiquita Brands International (NYSE: CQB) announced today that the company's board of directors has appointed Lori A. Ritchey, 45, as vice president, controller and chief accounting officer effective April 9, 2009. Ritchey will report to Jeffrey M. Zalla, Chiquita's senior vice president and chief financial officer.
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