25 September 1997: On 10 September, South Africa“s Plate Glass & Shatterprufe Industries Ltd. (PGSI) said that its offshore unit Belron International had signed a syndicated loan facility worth about…
25 September 1997: On 10 September, South Africa“s Plate Glass & Shatterprufe Industries Ltd. (PGSI) said that its offshore unit Belron International had signed a syndicated loan facility worth about R516 million. The Chairman of the company, Mr. Ronnie Lubner, said that the five-year revolving credit facility, negotiated in US dollars, will replace existing facilities and fund the continued expansion of Belron in Continental Europe, Britain, Canada and Australia. The loan agreement excluded Belron“s US operations, which are self-funding.