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Pickenpack lenders call in €52m guarantee from Pacific Andes

Bank of America demands payments totalling $42.73m from Pacific Andes, while company has also received a call to draw the guarantee of €52m to Pickenpack

By Tom Seaman | Feb. 5, 2016 09:31 GMT
Pickenpack
Seafood Expo Global, May 2015, Brussels, Belgium. Photo: Miriam Okarimia/ Undercurrent News
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Struggling seafood giant Pacific Andes International Holdings (PAIH) has received a request for payment of over €50 million in relation to the company’s role as a guarantor in a re-financing of Pickenpack Holdings, according to a stock exchange release [...]

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