Boart starts $103M rights issue

BOART Longyear has invited shareholders to take part in the $A103.1 million rights issue that forms one of the final components of its massive recapitalisation plan.

Boart starts $103M rights issue Boart starts $103M rights issue Boart starts $103M rights issue Boart starts $103M rights issue Boart starts $103M rights issue

The 0.97-for-one offer will issue shares at 16.5c each and is fully underwritten by distressed debt firm Centerbridge Partners.