Brief: CSAM, Bluestone Resources agree to pay up to $320 mln in cash to noteholders

Bluestone Resources

24/06/2022 15:37

June 24 (Reuters) - Bluestone Resources Inc  BSR.V :
    * CREDIT SUISSE ASSET MANAGEMENT AND BLUESTONE RESOURCES
HAVE
REACHED AN AGREEMENT THAT MAPS OUT A PLAN FOR THE PAYMENT OF
CASH TO NOTEHOLDERS
    * CSAM SAYS AGREEMENT IS ALSO INTENDED TO SECURE THE FUTURE
FOR
BLUESTONE’S MINING OPERATIONS
    * CSAM SAYS BLUESTONE HAS COMMITTED TO MAKE RECURRING
PAYMENTS TO
NOTEHOLDERS BEGINNING IN JUNE 2022, UP TO A MAXIMUM AMOUNT OF
$320 MILLION
    * CSAM SAYS PAYMENTS WOULD BE SHARED BETWEEN ALL
NOTEHOLDERS,
MEANING THAT APPROXIMATELY 81 PERCENT OF THE TOTAL WOULD BE
ALLOCATED TO THE SCF FUNDS

Source text for Eikon:  ID: 
Further company coverage:  BSR.V 

 (Reporting by Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))