REA's 9½% sterling noteholders approve reorganization resolutions

By Marisa Wong

Madison, Wis., Sept. 9 - REA Finance BV said that all resolutions to effect a reorganization of its 9½% guaranteed sterling notes due 2015/2017 were approved at a sterling noteholders meeting held Thursday.

The noteholders meeting to consider the resolutions was previously announced on Aug.12.

REA said the proposed restructuring of the security and guarantee arrangements in relation to the sterling notes and the amendments to the trust deed will now be made effective.

REA Finance is a wholly owned subsidiary of REA Holdings plc, a London-based crude palm oil company with activities in Indonesia.

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