Trafigura seeks bondholders’ backing to rescue stricken zinc maker Nyrstar

Nyrstar, the zinc and lead mining and processing firm, has reached a deal with some of its creditors in which Trafigura, the commodities trader that owns a 25% stake, could take the whole firm private following a scheme of arrangement.

  • By Owen Sanderson
  • 15 Apr 2019

Bondholders still need to back the deal, which means waiving Nyrstar's event of default, allowing Trafigura to inject $250m of rescue finance — and accepting a package of Trafigura debt in place of their Nyrstar holdings.

Nyrstar said on Monday that holders of 41% of its €350m 2019 notes, ...

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