Bowen Coking Coal Ltd (AU:BCB) has released an update.
Bowen Coking Coal Ltd has reached an agreement with its lenders, Taurus and New Hope, to modify its loan facilities, deferring principal repayments and extending the loan maturities to as late as September 2026. This strategic move includes an equity issuance conditional on a minimum A$25 million equity raise, aiming to strengthen the company’s balance sheet. The revised debt terms are expected to provide Bowen with operational liquidity and enable continued cost reduction efforts in the face of recent coal price volatility.
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