Aug 3 (Reuters) - Straits Resources Ltd SRQ.AX :
* Restructuring agreement secures straits' future SRQ.AX
* Agreement signed for restructuring deal that reduces standard chartered bank debt by 55 percent to $50 million
* 3 year US$25 million revolving priority debt facility established with special portfolio opportunity v ltd
* Under terms of restructuring, strait's outstanding debt with scb of ca.us$111 million will be reduced by 55% through a new senior debt facility with SCB
* As a part of restructuring, PAG SPV to provide US$25 million in a three year revolving priority debt facility for working capital and growth projects
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