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Barminco cancels redemption of all 6 5/8% notes due 2022
Chicago, May 2 – Barminco Finance Pty. Ltd. has chosen not to redeem all of its $350 million 6 5/8% senior secured notes due 2022, according to a notice.
The refinancing of the notes was conditioned upon the completion of the successful offering of $500 million of guaranteed senior notes by Ausdrill Finance Pty. Ltd.
Ausdrill has decided to not proceed at the present time with that previously announced offering due to less attractive market conditions.
Barminco Holdings Pty. Ltd. is a Hazelmere, Australia-based hard rock underground mining company.
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