Kenmare Resources close to $200m debt restructuring deal
Plan not yet agreed but details announced to stock exchange today
Kenmare Resources has announces a proposed capital restructured that would reduce its outstanding debt from $367.8 million to not more than $100 million.
The plan has not yet been agreed but according to a statement to the stock exchange significant progress has been made and summary details of a capital restructuring have been announced to the stock exchange this morning.
That potential restructuring would including a $100 million placing of new ordinary shares with State General Reserve...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month, €19.99 Monthly thereafter
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures
The Daily Briefing
What’s coming up today and what you might have missed
The Daily Briefing
What’s coming up today and what you might have missed.
