Post saysTerra won't throw more dough at EMI

THE BUCK...OR POUND... STOPS HERE: The N.Y. Post is reporting that Terra Firma investors are "unwilling" to plow any fresh cash into EMI, citing sources, echoing stories that have appeared recently in the U.K.press. Guy Hands had to practically stand on his head to persuade investors to put an additional $156 million into EMI earlier this year to keep it from defaulting on the $5 billion loan from Citigroup. The next debt test at the end of March that will require Terra to inject more millions into EMI to make good on the terms of the loan. But investors in a pair of Terra funds that own EMI have told Hands that they are unwilling to throw more money at a three-year-old investment, which has badly tarnished Hands' reputation as a savvy businessman, notes the Post. (12/9a)

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