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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 is trying to build a controversial bottling plant near the border of Nottingham and Barrington.
The payment was supposed to be the first installment of [...]
Continue reading USA Springs Bailout Delayed Again
December 9th, 2011 | Tags: barrington, CELDF, nottingham, save our groundwater, USA springs | Category: Community Rights, Grassroots Movements, New Hampshire, News, Rights of Nature, United States | 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 its controversial partially completed bottling plant on the border of Nottingham and Barrington, was originally supposed to close on Oct. 3, with the arrival of [...]
Continue reading USA Springs Loan Deal Remains Elusive
July 12th, 2011 | Category: New Hampshire, News, United States | By SCOTT E. KINNEY skinney@fosters.com
Sunday, July 10, 2011
NOTTINGHAM — For years commuters along Route 4 between Barrington and Nottingham have driven by a rather innocuous and incomplete building along the roadside.
The building is the physical property of USA Springs, a water bottling company nearly 10 years, and counting, in the making. The structure was just beginning to take shape on the 100-acre parcel, which straddles the Barrington/Nottingham border, when the business declared bankruptcy…
…Before the filing the [...]
Continue reading Opposition strong in Barrington, Nottingham as USA Springs seeks new funds
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