Emeco restructures debt

MINING plant rental firm Emeco has completed a $A50 million refinancing of its syndicated debt facility, inking a new $75 million asset-backed loan that should support the company for another two years as it seeks to expand its range of offerings and pay down debt in what are expected to be tougher market conditions.

Emeco restructures debt Emeco restructures debt Emeco restructures debt Emeco restructures debt Emeco restructures debt

The loan, repayable in December 2017, provides Emeco with more flexible terms and conditions than the previous syndicated debt facility and frees it from maintenance covenants until the facility is

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