Segezha Group's revenue declined 9% in 2023, leading to a net loss of about $197 million.
Debt Instruments
Core inflation remains robust, complicating the Fed's strategy for a soft economic landing.
The agreements should reduce company's debt by approximately $1 billion.
The need for this amendment arises in the wake of a significant downturn in the lumber market, where Benchmark SPF lumber prices saw a 50% reduction in 2023, leading to a negative EBITDA for Conifex.
Maryland-based company might proceed with the bankruptcy filing by the end of this week.