Brief: Glencore Restructures Loans To Polymet, Aquires Common Share Purchase Warrants

Polymet Mining

28/03/2018 15:08

March 28 (Reuters) - Glencore Plc  GLEN.L :
    * GLENCORE RESTRUCTURES LOANS TO POLYMET AND ACQUIRES COMMON
SHARE
PURCHASE WARRANTS
    * GLENCORE RESTRUCTURES LOANS TO POLYMET AND ACQUIRES COMMON
SHARE
PURCHASE WARRANTS
    * UNIT ENTERED INTO AMENDMENT TO PURCHASE AGREEMENT WITH
POLYMET
MINING CORP. AND POLY MET MINING​
    * ‍MATURITY OF AGGREGATE OF $152 MILLION OF OUTSTANDING
SECURED
CONVERTIBLE, NON-CONVERTIBLE DEBENTURES EXTENDED BY 12 MONTHS,
TO MARCH 31, 2019​
    * ALSO AGREED TO LEND UP TO AN ADDITIONAL US$80 MILLION TO
POLYMET
OVER NEXT 12 MONTH IN FIVE TRANCHES​

Source text for Eikon:  ID:nGNXbJYFb 
Further company coverage:  GLEN.L 

 ((Reuters.Briefs@thomsonreuters.com;))