Forebase, holder in talks on refinancing 13% secured notes due 2014

By Jennifer Chiou

New York, Nov. 20 – Forebase International Holdings Ltd. announced that it is in negotiations with the holder of $15 million of its 13% guaranteed senior secured notes due Nov. 30, 2014.

The issuer said that it has been in discussions since September about the form and terms for the continuation of financing under the notes, which were issued one year ago.

Hong Kong-based Forebase is engaged in the manufacture and sale of electronic components.

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