#1 11/11/2013 14h54 → Obligation Mirabela Nickel 2018 : défaut de paiement (mirabela nickel, us60458paa30, usq6188caa47)
- Réputation : 197
Un des deux clients de la compagnie a eu un cas de force majeure et n’a donc pas acheté le nickel à la mine. La société n’a pas pu payer le coupon du 15/10
By Paulina Duran - Oct 22, 2013 9:48 AM GMT+0200
Mirabela Nickel Ltd. (MBN), an Australian producer, said a missed payment of interest due on its debt will only cause a default should it continue for 30 days.
The company didn’t make a payment of interest on Oct. 15 relating to the about $395 million of 8.75 percent unsecured notes maturing in 2018, Perth-based Mirabela Nickel said today in a statement.
Mirabela Nickel, halted from trading in Sydney on Oct. 7, has seen its market value plunge to A$14 million ($13.5 million), from A$421 million at the start of the year. The company had its credit rating lowered to Caa3, from Caa1, by Moody’s Investors Service Inc. this month, and cut to CCC+, from B-, by Standard & Poor’s.
The nickel producer plans to give an update on the company and operations by the end of the month, it said today.
PERTH, Australia, Nov. 7, 2013 /CNW/ - Mirabela Nickel Limited (Mirabela or the Company) (ASX: MBN) wishes to provide the following update.
In the Company Update announcement to the ASX dated 4 November 2013, Mirabela advised that it had received notification from one of its two customers, Votorantim Metais Niquel S.A. (Votorantim), that the main transformer at its Fortaleza smelter has malfunctioned and as such the electric furnace is not able to operate. Votorantim has claimed that these circumstances are an event of force majeure and that as a result it is not currently obligated to purchase nickel concentrate pursuant to the Concentrate sale agreement (Sales Agreement).
Discussions similaires à "obligation mirabela nickel 2018 : défaut de paiement"
|8||2 206||08/02/2014 17h19 par reinanto54|
|7||2 829||07/02/2014 17h09 par ZeBonder|
|9||2 309||04/11/2014 07h39 par Rifler45|
|70||20 225||14/03/2014 21h16 par Titi27|
|4||1 474||02/06/2014 11h28 par pense_bete|
|5||2 972||17/12/2014 15h42 par artdeco|
|7||5 140||03/06/2013 12h20 par JCM|