Small Caps News

Creditors to take control after Petra secures restructuring deal

By Abigail Townsend

Date: Tuesday 20 Oct 2020

(Sharecast News) - Shares in Petra Diamonds lost their sparkle on Tuesday after the mining company abandoned plans to sell the business in favour of a debt-for-equity swap.
Under the deal, Petra's $650m of 7.25% senior secured second-line notes will be partially reinstated as new notes, with holders contributing an additional...

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