Intl Mining & Infrast Corp PLC Update tp $30m Bonds (1743D)

TIDMIMIC

RNS Number : 1743D

Intl Mining & Infrast Corp PLC

22 October 2015

STOCK EXCHANGE ANNOUNCEMENT

International Mining and Infrastructure Corporation plc (the "Issuer")

$30,000,000 8.75% Bonds due 2016

(the "Bonds")

FOR IMMEDIATE RELEASE - 22 October 2015

RE: Update to Interest Rate Provisions and Final Redemption Date of the Bonds

The Issuer wishes to announce that following restructure as a result of issuing a Consent Solicitation Memorandum and execution of the Supplementary Deed the following changes have been implemented:

   --     The Final Redemption Date has been changed from 30 October 2016 to 30 October 2021. 
   --     The interest payable on the Bonds has been amended from 8.75% to 5%. 

-- Subject to clauses 5 and 6 of the Instrument dated 16 April 2013, the Bonds shall be repayable at 132.059% of par.

-- Payment of the interest has changed from bi-annual to annual and therefore shall be paid on every 30 October until the bond maturity date of 30 October 2021.

 
 J & E Davy       Niamh Dowling 
 Listing Agent    + 353 1 614 8933 
 

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange

This information is provided by RNS

The company news service from the London Stock Exchange

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October 22, 2015 11:04 ET (15:04 GMT)