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USA Springs deal is muddied again

Tuesday, January 10, 2012

 

The detention of two executives of Malom Group AG – and the difficulties of the Swiss company in proving two Brazilian bonds it holds are legitimate – has held up closing on a $60 million loan that would enable bankrupt USA Springs to complete its controversial water bottling plant in […]

USA Springs Bailout Delayed Again

USA Springs bailout delayed again

Wednesday, December 21, 2011

 

Money to bail out USA Springs still has not arrived, forcing creditors to consider alternatives, including liquidation and foreclosure.

Malom Group AG — the bankrupt company’s Swiss financier – was supposed to deposit $7 million on Dec. 9 into the account of USA Springs, which […]

USA Springs Loan Deal Remains Elusive

from New Hampshire Business Review: December 7, 2011

For the third time in as many months, the bankrupt USA Springs has been unable to close on a $60 million loan because initial funding from its Swiss underwriter, Malom Group AG, still has not arrived.

The deal, which would enable the company to resume construction on […]