Ericsson wrote:KPLC is negotiating with lenders to convert 13 billion shillings of bank overdrafts into long-term debt to reduce financing costs.
The company had breached current ratio covenants for which they were able to get waivers before June 30 --Bloomberg
When the day of reckoning comes on this one, don't say you were not warned......
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen