PNA panaust limited
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subordinate debt retired

  1. stumacca
    956 Posts.
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    01/07/09
    10:10
    Post #: 5342485
    Ann on Comsec

    PanAust is pleased to announce that yesterday, 30 June, the Company retired in full the
    US$80 million Goldman Sachs JBWere subordinated debt facility and paid the associated
    capitalised interest and redemption fee.
    PanAust�fs Managing Director, Gary Stafford, said �gIt was our aim to refinance this
    subordinate facility prior to the debt service terms becoming more onerous after 31 July.
    Through retiring the facility by 30 June, PanAust also has a stronger mid�]year balance sheet.�h
    PNA Price at posting: $1.73 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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