Orbite eligible for new financing
Published: Monday, 07 August 2017
The HPA producer received the first tranche of an additional funding package, which it will use towards the restructuring process.
Canadian high-purity alumina (HPA) producer Orbite
Technologies Inc. has completed the process of debt in
possession (DIP) financing it announced in late July.
The company submitted a proposal to the Superior Court of
Québec (CCAA Court) to be granted C$6.8m in
additional funding, with...