July 20 (Reuters) - McAleese Ltd (MCS) :
- If approved by shareholders, the recapitalisation will reduce the senior debt of McAleese by approximately $80 million
- Acquisition of the company's senior debt by a consortium led by sc lowy primary investments has now occurred
- FY 2016 EBITDA before individually significant items is expected to be $14 - $15 million on revenue of approximately $560 million
- Unaudited gross and net debt at 30 June 2016 were $191 million and $174 million respectively
- Senior debt acquisition expected to relieve some of the pressure on the company's businesses
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