MELBOURNE (Dow Jones)--OZ Minerals Ltd. (OZL.AU) said Friday that an extension of the
deadline for the refinancing of US$560 million of its debt has been held up by one bank
in a syndicate of lenders.
The company went into a trading halt Friday as it continued negotiations for an
extension of the deadline for the refinancing, which is this Sunday.
"Up until very late last night we were quite confident that we could secure the
extension from the panel until one of the banks, whilst accepting the extension, put
caveats on that which from our perspective were unworkable," an OZ Minerals
spokesman told Dow Jones Newswires.
OZ Minerals said it is focused on concluding the negotiations on the extension, which
converts project financing facilities into one corporate facility.
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