23
Dec
15:20
Atlas signs debt restructuring deal with lenders
Australian iron ore mining junior Atlas Iron says that it has signed a debt restructuring agreement with 75% of its Term Loan B (TLB) lenders. This will allow the miner to reduce its term loan debt, extend the debt maturity period and reduce cash interest expense, Kallanish learns from a company announcement.
On implementation of the financial restructuring contemplated by the agreements Atlas will have reduced its term loan debt from $267 million to $135m and e…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous