Gleaner file photo
Tropical Battery, which was carrying a total debt load of $4.7 billion in short term loans and $2.76 billion in long term loans, as at December 31, will be floating an additional public offer of shares to pay down this debt by the end of next month.
This according to Chairman of the company Marc Melville, who adds that the company is awaiting approval from the Financial Services Commission before making the offer to investors.
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