Terracom Ltd updates on debt restructuring overview

Feb 10 (Reuters) - Terracom Ltd (TER) :

  • Debt restructuring overview
  • Says working capital facility of US$ 41 million has been extended to 23 December 2016
  • Principal of US$ 55 million refinanced by a 5-year interest-only bond with the first interest payment deferred until 23 December 2016
  • Says "has a significant impact on the company's free cash flow"
  • Terracom -co is currently considering strategic opportunity in Queensland to acquire mature mining operation which is currently on care and maintenance
  • Says is currently working to re-calibrate and optimise its supply chain in Mongolia
                


To read reuters' full disclaimer click here
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.