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Cardno does debt deal

EMBATTLED consultancy Cardno has managed to shape its future a bit by striking a deal to almost halve its debt and selling off its XP Solutions software business for $US49 ($A65) million.

Karma Barndon
Cardno does debt deal

The company has negotiated a permanent reduction in its debt facilities from $US210 million in June to $US108.5 million. As part of the reduction agreed with Cardno’s bankers, the banks have also agreed...

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