TerraCom gets good equity backing for debt restructure

COAL miner TerraCom has raised A$63 million in equity as part of a restructuring of debt with a face value of US$158 million.

TerraCom gets good equity backing for debt restructure TerraCom gets good equity backing for debt restructure TerraCom gets good equity backing for debt restructure TerraCom gets good equity backing for debt restructure TerraCom gets good equity backing for debt restructure

Dawn of new debt era nearing for TerraCom

A fully underwritten entitlement offer for A$35 million priced at 58c per share is being augmented by a US$20 million convertible bond with a conversion price of 69.6c.

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