It will be financed from cash reserves and from its syndicated revolving-term credit facility.
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Nickel and cobalt firm Sherritt International has used a second modified Dutch auction to repurchase an aggregate of $50 million of its 8.50% senior second line secured notes due 2026 as well as its 10.75% unsecured PIK option notes due 2029.
Sherritt raises $50M in Dutch auction
It will be financed from cash reserves and from its syndicated revolving-term credit facility.
Higher taxes, lower gold price felt
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