April 5 (Reuters) - Atlas Iron Ltd (AGO) :
- Update on debt restructure (AGO)
- If financial restructuring is implemented, atlas will have reduced its term loan debt from US$267 million to US$135 million
- The parties will enter into an amended sfa where six monthly asset coverage ratio covenant will be replaced with a minimum cash balance covenant
- Atlas will repay a further amount of US$2.5 million of the debt owing under the sfa