PDN 1.07% $13.70 paladin energy ltd

debt structure?

  1. 2,502 Posts.
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    Does anybody in this forum know PDN's debt structure?

    I think it is:

    Kayelekera mine project finance USD$58.1 m @ 30 Sept 2013

    Langer Heinrich mine project finance USD$89.6 m @ 30 Sept 2013

    Convertible bonds (due Nov 2015) US$300 m

    Convertible bonds (due Apr 2017) US$274 m

    More importantly, does anybody know what part of this (or the correct version of this) has changed now that they've received UD$190 m for 25% of the LH mine? When the LH minority stake sale was announced they said "The significant cash injection from this minority interest sale will largely be applied to debt reduction".

    I assume the debt reduction would be the LH mine project debt (so that it is debt free) but if it's not then does CNNC take 25% of LH's project debt?

    All this talk about the deal and the future of PDN here and I still don't think anybody knows this, but I'll be happy if somebody does and can enlighten me.
 
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