Brief: Bowen Coking Coal Says Heads Of Agreement Reached On Revised Debt Terms

Bowen Coking Coal

19/09/2024 02:32

Sept 19 (Reuters) - Bowen Coking Coal Ltd  BCB.AX :
    * HEADS OF AGREEMENT REACHED ON REVISED DEBT TERMS
    * TAURUS MINING FINANCE FUND NO. 2, L.P. AND NEW HOPE CORP
AGREED
TO AMEND THEIR RESPECTIVE LOAN FACILITIES
    * CONDITION OF HEADS OF AGREEMENT THAT AT LEAST A$25 MILLION
IS
RAISED PURSUANT TO EQUITY CAPITAL RAISING
    * HEADS OF AGREEMENT PROVIDES FOR DEFERRAL OF PRINCIPAL LOAN
REPAYMENTS AND EXTENSION OF TENOR, OTHERS

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