April 6 (Reuters) - Terracom Ltd TER.AX :
* TERRACOM LTD - REVIEWED TERM SHEETS AND REFINED STRUCTURE AND TERMS OF A SUITABLE REFINANCE PACKAGE WITH TWO NEW PARTIES
* TERRACOM LTD - COMBINED PRE-PAYMENT AND TERM LOAN STRUCTURE IS BEING CONSIDERED AT TERMS OF BETWEEN 5-7 YEARS AND INTEREST RATES AT LESS THAN 10%
* TERRACOM LTD - BOTH MANAGEMENT AND TWO THIRD PARTIES ARE WORKING TOWARDS COMPLETION OF BINDING ARRANGEMENTS