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
Updated
- Boart Longyear shareholders approve Centerbridge deal
- Boart Longyear earnings to miss analyst forecasts
- Boart Longyear CEO Richard O’Brien lobbies shareholders on Centerbridge deal
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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