Barminco to redeem 9% notes at 111.817; redemption condition met

By Marisa Wong

Morgantown, W.Va., May 3 – Barminco Finance Pty. Ltd. announced the redemption price for its $299,733,000 outstanding 9% senior notes due 2018.

The notes will be redeemed on May 12 at $1,118.17 per $1,000 principal amount, for a total redemption price of $335,152,449. The redemption price includes an applicable premium and accrued interest.

The issuer also said the condition to the upcoming redemption has been satisfied.

According to a previous notice, the redemption was conditioned on the company’s successful offering of $350 million 6 5/8% senior secured notes due 2022. The offering closed on April 26.

The Bank of New York Mellon is the paying agent.

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

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