trending Market Intelligence /marketintelligence/en/news-insights/trending/tKy7FEonnGrNw9iehcRQ8A2 content esgSubNav
In This List

Atlas Iron shareholders to take debt restructuring vote April 27

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023

Video

Battery metals - unbated long term need for supply security despite short-term headwinds


Atlas Iron shareholders to take debt restructuring vote April 27

Atlas IronLtd. said April 4 that its shareholders will meet on April 27 tovote on the financial restructuring of the company.

In December 2015, the company with lenders that it will payUS$10 million of its Term Loan B, and issue shares and options to lenders inexchange for retiring US$132 million of the debt. Lenders will hold 70% of theissued shares and options of the company after the restructuring concludes,subject to shareholder approval.

Directors of the company have advised shareholders to votein favor of the restructuring.

The hearing of application to the Federal Court of Australiafor approving the restructuring is scheduled for April 28.