Foraco completes debt refinancing and repays Kartesia

Kartesia is happy to announce that it was repaid on its KCO IV investment in Foraco following a successful refinancing by the Company. In addition, as a result of a partial conversion of debt into equity, Kartesia now owns approximately 4.7% of the company’s shares, which are listed on the Toronto Stock Exchange. Kartesia will remain represented at the board of directors of Foraco until final exit.

Foraco International SA (TSX: FAR) is a leading global provider of mineral drilling services.