Teksid...le monde bouge

January 15, 2007	Financial
TK Aluminum Ltd. announces an update on Liquidity Situation; reports failure to comply with certain financial covenants, non-payment of Senior Note interest, and continued discussions regarding additional liquidity resources.
Carmagnola, Italy, January 15, 2007 - TK Aluminum Ltd., the indirect parent of Teksid Aluminum Luxembourg S.à r.l., S.C.A., today announced an update on the liquidity situation, failure to comply with certain financial covenants, continued discussions regarding additional liquidity resources and non-payment of Senior Note interest. The Company's efforts to secure a bridge loan as previously announced are continuing and it has executed a commitment letter, subject to certain conditions, with one source. In addition to the Nemak transaction, negotiations for the sale of the assets located in France, Germany and Italy are progressing. > http://www.teksidaluminum.com/dettaglio_news.php?Prog_news=33