Brief: Terracom Ltd Says Further US$20 Mln Debt Reduction To Euroclear Bond

Terracom

04/03/2022 01:23

March 4 (Reuters) - Terracom Ltd  TER.AX :
    * FURTHER US$20M DEBT REDUCTION TO EUROCLEAR BOND
    * EUROCLEAR BOND PRINCIPAL OWING REDUCED TO US$102 MILLION
    * FURTHER PAYMENTS TO BONDHOLDERS OF US$20.8 MILLION
    * HAS PAID A FURTHER US$20.8 MILLION TO BONDHOLDERS IN
INTEREST
    * IS STILL FORECAST TO REPAY US$15 MILLION PER MONTH FROM
CASH
GENERATED FROM COMPANY'S BLAIR ATHOL OPERATIONS
    * IF THERMAL COAL PRICING REMAINS AT CURRENT LEVELS,
PAYMENTS WILL
BE INCREASED, AND DEBT WILL BE FULLY REPAID FASTER THAN FORECAST

Source text for Eikon:  ID:nASX9TKhM5 
Further company coverage:  TER.AX 

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