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Lexmark Secures Loan From
China CITIC Bank Over $341M Bond Debacle.
Moody's Downgrades Lexmark To B3, Outlook Negative (link).
by Jim@tonernews.com .
Yesterday a news report came out that Lexmark Bonds had turn to Junk with a $341M market sell-off(link), today Lexmark sent us news stating that they Lexmark International, Inc. (the "Company") entered into a Security Agreement with China CITIC Bank, as a collateral agent, for the benefit of the co-secured parties under the Security Agreement.
Click on this link below to see this new Lexmark press release.
https://www.prnewswire.com/news-releases/lexmark-completes-security-agreement-300625545.html
We have reached out to Lexmark for a request of their financials and hopefully they will send it to us for review? As we try to unravel all this news, we are trying to understand how China's Apex, Ninestar the parent company of USA's Lexmark Corp. show a profit of 120M yuan all the while this is going on?(link)
You Heard It Here First On Tonernews.com!.
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