Atlas looks to build buffer before returning to debt markets

Original article by Paul Garvey
The Australian – Page: 19 : 24-Jul-17

Atlas Iron MD Cliff Lawrenson says the iron ore miner will not repay its outstanding Term Loan B debt of $A103m until it has a working capital buffer of around $A50m. He adds that a revolving credit facility is among the options being considered to provide the company with more balance sheet flexibility. Lawrenson believes that capital markets will rate Atlas Iron more highly once its Term Loan B debt has been paid off.

CORPORATES
ATLAS IRON LIMITED – ASX AGO

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