Brief: Bowen Coking Coal Agrees To US$55 Mln Debt Financing
26/04/2022 24:54
April 26 (Reuters) - Bowen Coking Coal Ltd BCB.AX :
* SIGNED MANDATE DOCUMENTATION WITH TAURUS MINING FINANCE
FUND NO.
2 FOR PROVISION OF DEBT FINANCING
* NEW DEBT FACILITY PROPOSED TO BE SENIOR SECURED WITH
AGGREGATE
LIMIT OF US$55 MILLION
* FACILITY PROPOSED TO BE STRUCTURED AS AMORTISABLE TERM
LOAN WITH
INITIAL TERM OF 18 MONTHS
* IN ADVANCED TALKS TO FINANCE ITS SHARE OF ABOUT A$68.4
MILLION
FOR SURETY FOR REHABILITATION OBLIGATIONS OF BURTON MINE
Source text for Eikon: ID:nASX6LF8D5
Further company coverage: BCB.AX
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