The Carlyle Group and Varde Partners’ underground coal mining equipment provider Bis Industries is set to bid farewell to its lender syndicate, as an Alvarez & Marsal-run refinance hits the final lap after months of tense negotiations.
BIS Industries, which provides mine-site trucking to some of Australia’s largest coal and iron ore miners, has debt maturing in April. AFR
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
