ASI Restructuring Moves Forward.

• Position: Brief Article

The Alaska Industrial Development land Export Authority and Alaska Seafood International recently announced the substantial completion of the restructuring and refinancing plan for ASI. The deal, the result of extensive negotiations started last September, restructures debt and equity ownership in ASI and provides an initial $14 million in working capital to the Anchorage-based seafood company.

The plan, reached between ASI shareholders, its primary lending bank and AIDEA, realigns about $16 million in project debt, creates a...