EXPLORATION

Boart recapitalisation approved

CREDITORS have approved the recapitalisation that will get Boart Longyear off the hook for about US$196 million of unsecured debt but will slash non-Centerbridge shareholders’ stakes in the drilling equipment and services provider from 35% to just 2%.

Noel Dyson
Boart Longyear debt deal closer to being done.

Boart Longyear debt deal closer to being done.

The recapitalisation plan still needs to be approved at Boart’s annual general meeting to be held on June 13 and a second court hearing for the creditors’ schemes to be held on July 4. The recapitalisation...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
MORE ON THIS TOPIC

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.