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Australia’s Perenti Global brings $350 million deal backing redemption of Barminco 6 5/8% notes
By Paul A. Harris
Portland, Ore., Sept. 21 – Australia's Perenti Global Ltd. announced in a Monday press release that its wholly owned subsidiary, Perenti Finance Pty. Ltd. plans to sell $350 million of guaranteed senior notes (Ba2/BB), pending market conditions.
The Perth-based mining and drilling services provider plans to use the proceeds from the Rule 144A and Regulation S deal to fund the redemption of all of the outstanding $350 million 6 5/8% senior secured notes due May 2022, issued by wholly owned subsidiary Barminco Finance Pty Ltd., at 101.656.
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