Sundance Resources to restructure its existing debt during court proceedings

摘要

Australia’s Sundance Resources has reached an agreement with a number of noteholders to restructure its existing debt and security arrangements, Metal Expert learnt from the company’s statement. Within the agreement, Senrigan Master Fund, Noble Resources International, D. E. Shaw Composite Holdings International, Wafin Limited and BSOF Master Fund L.P. will indefinitely forbear on their convertible notes for the duration of the court proceedings against the Governments of the Republic of the Congo and the Republic of Cameroon. If Sundance wins any of these proceedings and receives an award of damages, these noteholders will receive an agreed portion of any damages recovered as compensation and in repayment of the redemption amounts owing under the convertible notes.