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ASL Ausdrill Limited

2.25
0.00 (0.00%)
13 Jun 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Ausdrill Limited ASX:ASL Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.25 2.25 2.26 0.00 01:00:00

Ausdrill Discusses Potential Refinancing Transaction

01/10/2012 6:22am

Dow Jones News


Ausdrill (ASX:ASL)
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From Jun 2019 to Jun 2024

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   By Robb M. Stewart 
 

MELBOURNE--Australian mining services firm Ausdrill Ltd. (ASL.AU) said Monday it is in talks with Morgan Stanley (MS), Deutsche Bank AG (DB) and other lenders over a possible refinancing of its existing debt facilities.

The potential refinancing remains incomplete and is subject to continued commercial discussions with a number of parties, the company said in a statement to the Australian securities exchange.

Ausdrill, which was formed in the Western Australia town of Kalgoorlie in 1987, said it is being advised by Grant Samuel and King & Wood Mallesons.

The company in late August said it had agreed to pay 165 million Australian dollars (US$170 million) for Best Tractor Parts Group, a supplier of earthmoving equipment and parts for the resources industry.

Write to Robb M. Stewart at robb.stewart@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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