Tagged: Boart Longyear

Ratings agencies tick Boart Longyear deal

By Maggie Lu Yueyang The ratings agency also affirmed the company’s default rating and senior unsecured note ratings. “The recapitalisation will significantly enhance Boart’s liquidity and remove the likelihood of covenant defaults,” said Moody’s....

Quest for next Boart Longyear

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Quest for next Boart Longyear

To restart Safari press and hold the Home button (for around five seconds) until the iPhone/iPad display goes blank and the home screen appears. Read more here: Mining and Energy     

Boart Longyear does $401m private equity bailout deal

By Alicia Barry The refinancing deal, worth up to $401 million, will see Centerbridge Partners will help Boart pay down its massive debt burden in return for an increased stake in the company. Troubled...

Boart Longyear in $342m restructuring

Boart chief executive Richard O’Brien described the recapitalisation as "an important step forward" for the company. "We are preserving our existing shareholders’ opportunity to participate in the future prospects of the company and the...

Boart Longyear in $US352m restructuring deal

By Michael Roddan “We anticipate the recapitalisation will provide the company with significant liquidity to better weather the challenges of the current depressed markets for our drilling services and products and the financial strength to allow...

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Debt pile gives Boart breathing room

For Boart Longyear, the sale of the entire group or the sale of a large unit are options on the table following a review which was kicked off in February. "We are narrowing those...

Boart Longyear's last hope

By Stephen Bartholomeusz & Jackson Hewett Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan has been a trusted source of investment advice to...

Boart Longyear off 7% amid uncertain future

By Elizabeth Redman with AAP It has been in confidential talks with potential investors about a recapitalisation options. "Since late February, we have worked closely with our advisor, Goldman Sachs, to develop implementable recapitalisation...