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FLEETS

Emeco cuts debt pile

MINING equipment hirer Emeco has cut its financing costs after buying back $US52.3 million ($A72 million) of bonds.

Andrew Duffy
Emeco cuts debt pile

The transaction was partially funded by the closure of its cross currency interest rate swaps, which released $34.2 million. Its outstanding bonds now total $282.7 million, due in March 2019. “As part...

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