With reference to the debt restructuring currently being undertaken by the TCL Group, Trinidad Cement Limited (TCL) has advised that FTI Consulting Canada ULC, a Company with broad experience and expertise in debt restructuring, has been appointed as the Independent Advisor to the TCL Creditor Committee. The Role of the Independent Advisor is, in the first instance, to assess the cash generating capability, operations and structure of the TCL Group and make appropriate recommendations to the Creditor Committee. Upon consideration and acceptance of the recommendations and, subject to the approval of the Committee, the Restructuring Phase will commence with the involvement of the Advisor.
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