Lake Charles Cane-Lacassine Mill defaults on property purchase

Daily News Staff Report

LACASSINE – The Lake Charles Cane-Lacassine Mill defaulted on its obligation to buy the Lacassine sugar cane syrup mill, according to an audit of the Louisiana Agriculture Finance Authority (LAFA).

LAFA declared the loan to be in default in March, resulting in the removal of around $60 million and $9.3 million from the authority’s notes receivable and accrued interest received amounts, according to the audit.

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Posted by on May 14 2013. Filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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