Nickel Industries arranges exchange with noteholders of August 2025 notes

Chicago, April 13 – Nickel Industries Ltd. reported that it successfully worked with all holders of its $225 million senior secured notes maturing August 2025 on a liability management transaction, according to a press release.

The holders are tendering the full amount of the notes and in exchange, a greater amount of new 11¼% senior notes due 2028 are being purchased.

The existing notes purchased under the arrangement will be canceled and will no longer be outstanding.

Previously reported, the company is still conducting a tender offer for its existing $325 million senior notes due in April 2024. That offer ends April 18.

The nickel producer is based in Sydney, Australia. The company changed its name from Nickel Mines Ltd.

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