Just out on AFR Street Talk, folks- headline:
"Mt Kellett eyes equity for its $US225m Lynas notes"
Link for members or take a free AFR trial:
http://www.afr.com/p/opinion/mt_kellett_eyes_equity_for_its_us_CdFAJVyymNeZcOeo4NoGwO
The article says Mt Kellett is trying to find ways to convert the $US225m/AUD241m convertible notes (convertible before 2016 @ $1.25), into shares at a lower price, using a scheme of arrangement that would require approval from equity holders, but would shore up the balance sheet.
Worth having a look at the entire original article, holders.
afr: mt kellett may convert debt into equity
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