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Sirius Minerals suspends US$500M senior secured notes offering

Sirius Minerals PLC decided to suspend its proposed offer of US$500 million senior secured notes due 2027, due to current market conditions.

The company announced the offering in July as part of the stage-two financing for its underground Woodsmith potash project in Yorkshire, U.K.

The company said Aug. 6 that it intends to reconsider the offering once market conditions improve later this quarter.