July 20 (Reuters) - McAleese Ltd MCS.AX :
* If approved by shareholders, the recapitalisation will reduce the senior debt of McAleese by approximately $80 million
* Acquisition of the company's senior debt by a consortium led by sc lowy primary investments has now occurred
* FY 2016 EBITDA before individually significant items is expected to be $14 - $15 million on revenue of approximately $560 million
* Unaudited gross and net debt at 30 June 2016 were $191 million and $174 million respectively
* Senior debt acquisition expected to relieve some of the pressure on the company's businesses
* Source text for Eikon ID:nASX9ZpLHC