Barminco Finance buys back additional 9% notes in off-market purchase

By Marisa Wong

Morgantown, W.Va., July 1 – Barminco Finance Pty. Ltd. said it repurchased another $3 million of its outstanding 9% senior notes due 2018 through a privately negotiated transaction on June 29.

As a result of the latest buyback and earlier repurchases, a total of $306.2 million of the notes remains outstanding.

Barminco said it may try to purchase more of the notes from time to time in open-market transactions, privately negotiated transactions or otherwise, depending on market conditions, liquidity requirements and other factors.

Barminco Holdings Pty. Ltd. is a Hazelmere, Australia-based hard rock underground mining company.

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