50 |
P a g e
TRINIDAD CEMENT LIMITED
SECTION 7: THE RESTRUCTURING PLAN
(Continued)
7.1
THE RESTRUCTURING PLAN OVERVIEW
The restructuring effort has addressed a number of issues including employee related issues, obligations to
lenders, and it allows for shareholders’ participation in the recapitalization of the Company. In addition to
the above, funds raised will be used to address the most critical needs of the Company, including capex,
working capital and the payment of suppliers.
The Board estimates that the overall benefit to TCL of the restructuring plan to be recurring savings of
TT$50 M per year.
