April 9 (Reuters) - Rio Tinto Ltd (RIO) : RIO TINTO AND TRQ...

April 9 (Reuters) - Rio Tinto Ltd (RIO) :

• RIO TINTO AND TRQ AGREE FINANCING PLAN FOR OT
• ENTERED INTO A BINDING HOA WITH TURQUOISE HILL RESOURCES FOR AN UPDATED FUNDING PLAN FOR OYU TOLGOI
• FUNDING PLAN ADDRESSES ESTIMATED REMAINING KNOWN FUNDING REQUIREMENT OF APPROXIMATELY $2.3 BILLION
• RIO TINTO AND TRQ HAVE AGREED TO JOINTLY OBTAIN AN ORDER DISMISSING CURRENT ARBITRATION ON A WITHOUT PREJUDICE BASIS,
• TRQ HAS COMMITTED TO COMPLETE A RIGHTS OFFERING OR PLACEMENT OF COMMON SHARES FOR UP TO $500 MILLION TO SATISFY ANY REMAINING FUNDING SHORTFALL
• CO & TRQ SEEK TO RAISE UP TO $500 MILLION IN SENIOR SUPPLEMENTAL DEBT UNDER EXISTING PROJECT FINANCING ARRANGEMENTS
• CO & TRQ WILL PURSUE RE-PROFILING OF PRINCIPAL DEBT REPAYMENTS UP TO $1.4 BLN WITH LENDERS UNDER EXISTING PROJECT FINANCE ARRANGEMENTS
• COMMITTED TO ADDRESS ANY POTENTIAL SHORTFALLS FROM RE-PROFILING AND ADDITIONAL SSD OF UP TO $750 MLN VIA CO-LENDING FACILITY
• EXCEPT IN CONNECTION WITH ANY EQUITY OFFERING, CO HAS NO PRESENT INTENTION OF ACQUIRING ADDITIONAL SECURITIES OF TRQ

Source text https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02362171

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