Agrochemicals manufacturer UPL has completed the pre-payment of USD 410 million of 3.25 per cent senior notes due in October 2021. The pre-payment, which concluded on December 28 was done using the cash on its balance sheet. This pre-payment is in line with its commitment to reduce debt, the company said in a statement. UPL is committed towards deleveraging its balance sheet at the back of strong business prospects and agriculture commodity prices, and favourable agronomic conditions. UPL, earlier known as United Phosphorus Ltd, is an Indian multinational company that manufactures and markets agrochemicals, industrial chemicals, chemical intermediates and specialty chemicals besides offering crop protection solutions.
Court case concerning Balderas family toxic fume deaths settled, search for justice ongoing The court case concerning the deaths of four Amarillo children from poisonous gas is over, but the search for justice is ongoing. (Source: KFDA) By Kaitlin Johnson and Kevin Welch | December 17, 2020 at 4:43 PM CST - Updated December 17 at 4:43 PM
Court documents documents show District Judge Doug Woodburn dismissed the case of the Balderas-Escobar family against chemical companies and one individual on Monday.
All involved agreed to the move, but the family’s attorney, Kelly Puls, said he couldn’t comment on confidential matters still pending.
The family filed the lawsuit in November 2017, suing United Phosphorus, Ltd., UPL Corporation Limited, United Phosphorus, Inc., and one individual for negligence, wrongful death and damages.
Global Biological Control Market Size, Share, Analysis, openpr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from openpr.com Daily Mail and Mail on Sunday newspapers.
UPL shares plunged 13 per cent after a whistleblower claimed that the promoters of the company were siphoning off money. UPL's management has rejected the allegation, calling it "completely malicious".