Chanticleer
New Hope makes it two convertibles in two days
The deals are different, but both show there is capital for miners – and capital that’s more attractive or available than vanilla bank debt or equity.
It’s good to see the miners get a bit more creative with their funding structures.
Fresh from Liontown Resources raising $US250 million ($380 million) via the sale of convertible notes to customer LG Energy Solution, cash-rich coal miner New Hope was out with a $300 million convertibles raising of its own on Wednesday night.
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