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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 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 […]

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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 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