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Boart Longyear kicks off $103m rights issue

A rights issue launched by Boart Longyear on Thursday seeks to raise $103.4 million to pay reduce the embattled company’s debt and improve liquidity in a tough mining services market.

Tess Ingram
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A rights issue launched by Boart Longyear on Thursday seeks to raise $103.4 million to reduce the embattled company’s debt pile and improve liquidity in a tough mining services market.

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    Original URL: https://www.afr.com/markets/commodities/boart-longyear-kicks-off-103m-rights-issue-20141218-129qxh