South Africa's Mondi could jack up $1.7 bln debt to fund M&A - CEO
JOHANNESBURG, Feb 25 (Reuters) - South African paper packaging firm Mondi (LSE: MNDI.L - news) could jack up its 1.5 billion euro ($1.7 billion) borrowings to fund acquisitions, its chief executive said on Thursday.
"We're currently at 1.1 (times) net debt to EBITDA, I'd imagine we could probably could go north of 2 times and still be comfortable," CEO David Hathorn told Reuters in interview.
($1 = 0.9077 euros) (Reporting by Tiisetso Motsoeneng; Editing by James Macharia)