Giant coal miner Bumi Resources made positive progress on its debt restructuring for US$4.2 billion as almost 100% creditors agreed on debt conversion into new instrument. The debt converted into equity amounts to US$1.96 billion. After restructuring, BUMI’s debt consists of Tranche A Notes (US$487.7 million), Tranche B Notes (US$487.7 million), Tranche A Facility (US$107.79 million), Tranche B Facility (US$107.79 million), Tranche C Facility (US$406.99 million), and mandatory convertible bond (US$630.64 million).

To subscribe please click here