LBC Express settles $39-M convertible debt to CP Briks - BusinessWorld Online

LBC Express settles $39-M convertible debt to CP Briks - BusinessWorld Online

LBC EXPRESS Holdings, Inc. has fully settled its $39-million secured convertible instrument issued to CP Briks Pte. Ltd. in 2017, the listed logistics provider told the stock exchange on Tuesday. In a disclosure to the stock exchange on Tuesday, the company said it has paid off its remaining obligation to CP Briks, a unit of Singapore-based private equity and investment firm Crescent Point. The instrument was issued through a convertible instrum…