Agilyx ASA (AGXXF) Discusses Cyclyx Reorganization and Strategic Shift to Reduce Risk and Refocus on Profitable Growth Transcript [Seeking Alpha]
Exxon Mobil Corporation (XOM)
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Company Participants Ranjeet Bhatia - Chief Executive Officer Bertrand Laroche - Chief Financial Officer Ana Sandersen Conference Call Participants Erik Oberg - DNB Carnegie, Research Division Presentation Ranjeet Bhatia Chief Executive Officer Very good. Well, welcome to the Agilyx market update on the Cyclyx reorganization. I'm Ranjeet Bhatia, Chief Executive of Agilyx. Joining me as well today is Bertrand Laroche, our Chief Financial Officer. As a reminder, this meeting is being recorded. So today's call is a market update focused on the reorganization of Cyclyx and what this reset means for Agilyx balance sheet, risk profile and strategic execution going forward. The headline is quite simple. We are eliminating near-term CapEx and funding risk, decreasing cash needs and fully redeeming our senior debt, our senior bonds, refocusing the company on profitable European growth and very importantly, very importantly, preserving the long-term upside of the U.S. offta
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