Kenmare says lenders approve debt restructuring plan
The plan will see an Oman wealth fund invest $100 million in the company
Kenmare Resources said it has received approval from its lenders fora debt restructuring and underwriting that would see a sovereign wealth fund of the Sultanate of Oman make a $100 million (€89 million ) equity investment in the company.
The exploration group also plans to raise at least $275 million of new equity by way of a placing and open offer with $200 million of the funds used to repay debt, leaving the ...
