Mining contractor Barminco has refinanced $US485 million in debt.
Barminco said the senior note offering was oversubscribed.
“The note facility will provide Barminco with a simplified, long-term debt structure and replace Barminco’s existing secured senior bank syndicate, subordinated debt and mezzanine facilities,” the private company said in a statement.
The note will mature in 2018 and bears a coupon of nine per cent.