RNS Number : 5076I
  Dorada Corporation
  19 November 2008
   

    To:    RNS
    London Stock Exchange
    10 Paternoster Square
    London EC4M 7LS

    Date:    19 November 2008



    DORADA CORPORATION

    Dorada Corporation ("Dorada") transitioned into the operating state defined as Defeasance on 19 November 2008

    This follows a transaction, whereby Citibank, N.A. agreed with Dorada on 18 November 2008 to purchase (at their current values) all
remaining assets and assume all derivative contracts held by Dorada. 

    As part of this transaction Citi has agreed to ensure that Dorada will have sufficient funds to repay its senior debt /liabilities and
provide for the obligations to other secured creditors as they fall due.



    Citibank International plc
    (as Investment Manager and Group Funding Manager of Dorada Corporation)

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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