News: BLY Boart Longyear says expects delay in implementation of Co's recapitalisation

July 3 (Reuters) - Boart Longyear Ltd (BLY)

• Asx alert-recapitalisation implementation update-bly.ax
• Expects some delay in implementation of company's recapitalisation
• Still in process of concluding a small number of requirements that are prerequisites to implementation of recapitalisation
• "expects that all other prerequisites for implementation, including new abl facilities, will be completed in near future"
• Confident that it will continue to be successful in ongoing legal challenges to recapitalisation in supreme court of new south wales