Boart Longyear post loss, eyes $US635M raising

DRILLING giant Boart Longyear is planning to raise around $US635 million ($A756 million) to reduce its debt position after reporting a $5 million first half loss.

Boart Longyear post loss, eyes $US635M raising Boart Longyear post loss, eyes $US635M raising Boart Longyear post loss, eyes $US635M raising Boart Longyear post loss, eyes $US635M raising Boart Longyear post loss, eyes $US635M raising

The drilling giant said the capital raising would include a $341 million 1-for-1 accelerated non-renounceable pro rata entitlement offer, a $101 million unconditional share placement and a $193

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