Atlas Iron in plea for debt support

Original article by Tess Ingram
The Australian Financial Review – Page: 30 : 19-Apr-16

Shares in Atlas Iron closed 17.4 per cent lower at $A0.019 on 18 April 2016. The iron ore miner’s chair, Cheryl Edwardes, has written to shareholders urging them to support a debt restructuring proposal, stressing that the group could go into voluntary administration if the deal does not proceed. Lenders would gain about 70 per cent of the company’s equity if the deal is approved by Atlas’s shareholders and lenders.

CORPORATES
ATLAS IRON LIMITED – ASX AGO, CGI GLASS LEWIS PTY LTD, PPB HOLDINGS PTY LTD, MOUNT GIBSON IRON LIMITED – ASX MGX

Leave a comment