Dannemora Mineral bondholders OK interest payment waiver, extensions

By Caroline Salls

Pittsburgh, March 26 - The holders of Dannemora Mineral AB's 11¾% callable senior secured bond issue due 2016 granted the company a temporary waiver in connection with a $7.05 million interest payment due March 22, according to a news release.

In addition, the bondholders extended temporary waivers related to a Sept. 22, 2013 interest coupon payment obligation and a 50 million kronor minimum cash liquidity requirement.

The bondholders unanimously approved the waiver and extensions.

Dannemora Mineral is an iron ore producer based in Danderyd, Sweden.

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