02
Oct
05:03
Bowen secures loan tenor extension
Australian coal miner Bowen Coking Coal has executed agreements with its senior and subordinated lenders, amending the loan facilities to extend their tenor, Kallanish notes.
The lenders are Taurus Mining Finance Fund No. 2, L.P. and New Hope Corporation. The material amendments include extension of tenor and deferment of principal amortisation for the next 12 months. Also involved are a modest increase in interest margins and royalties payable.
The extended mat…
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