Cavalier to trim a further $9.5 mln from debt with sale of Sydney property

By Paul McBeth Sept. 14 (BusinessDesk) - Cavalier Corp, the unprofitable carpet maker selling assets and restructuring its business, expects to lop a further $9.5 million from its outstanding debt after finding a buyer for its Sydney warehouse and office space.   The Auckland-based company reached an agreement to sell the property, with settlement expected near the end of next month, it said in a statement. The net proceeds of the sale, which it expects will be about $9.5 million after accounting for Australia's capital gains tax, will go...