Metalcorp is a metals and minerals group that operates production and mining facilities across Europe and Africa. Aluminium, metals and concentrates comprise its primary business areas, three primary business areas, with its bulk goods and ferrous metals segment also contributing around 254.8 million in sales in 2021. Company-wide sales revenue for the first half of 2022 rose 68% year on year to 511.1 million.
In early October 2022, Metalcorp announced that it could not afford the repayment of the bond (originally issued in 2017 for a period of five years) that was now due. Following the successful restructuring, this bond has now been extended by one year. Investors will receive interest of 8.5% for this additional year compared to 7% …
Read the full article at: https://www.lawyer-monthly.com/2023/01/the-restructuring-of-metalcorps-e140-million-bond/