Northland Resources implements final steps of bond loan restructuring

By Caroline Salls

Pittsburgh, Aug. 5 - Northland Resources SA implemented the final steps of the restructuring of the second-lien bond loans previously issued by Northland Resources AB, according to a news release.

Having obtained the requisite approvals, Northland said it is taking all steps necessary to implement the final stages of the restructuring, including making the necessary registrations in the Norwegian Central Securities Depository (Verdipapirsentralen).

According to the release, second-lien convertible bonds cannot be converted until the next interest payment date of Jan. 15.

Northland is a Luxembourg-based producer of iron ore concentrate.

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