OZ Minerals extension eases finance pressure

OZ Minerals, the Australian miner, narrowly escaped a refinancing crunch last week after banks agreed to extend the maturities of $737m of existing debt beyond an original December 31 deadline.

  • 08 Jan 2009

OZ has until February 27 to complete its refinancing, and needs about two more lenders to commit to a new $560m two and three year loan.

"The extension is good news for OZ," said one banker close to the deal. "It means that we have a longer time ...

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