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Diamond Miner Outlines Refinancing Plans as Debt Maturities Loom

Diamond Miner Outlines Refinancing Plans as Debt Maturities Loom

Bloomberg2 days ago
Diamond mining group Petra Diamonds Ltd. has announced a plan to refinance its debt after several months of negotiations with lenders.
The UK-listed miner is seeking to extend bank and bond debt coming due in January and March next year, while also looking to raise cash through a rights issue, it said in a statement Friday. The shares soared by the most since September 2020.
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