METS

Boart to solve colossal debt conundrum with mammoth dilution 

THE results are in from Boart Longyear's latest strategic review, launched in January, and the result is a plan to recapitalise to tackle debt, reduce its interest costs, and strengthen the balance sheet of the mining services firm.

Boart is digging itself out of as debt hole

Boart is digging itself out of as debt hole

The deal will swap debt for equity, and see 98.5% of the company under the control of Boart's lenders.   The company has been working Rothschild & Co to examine its options, and the plan being chased...

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

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

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

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.