Mining – Project MGN

Valuation

Appointed as Independent Financial Advisor to a company listed on the Australian stock exchange and engaged in the exploration and mining of manganese ore to assist the company in negotiations with trade an international bank in respect of a USD50m mezzanine loan facility. Our work included establishing the value of the security and the enforcement options of the Bank;

Assisting the company and the Bank to agree a strategy in respect of the restructuring of the outstanding amount under the Facility Agreement; proposing restructuring options to be considered by the Lenders including new finance, equity, covenants setting and security arrangements; assisting the company to establish the proposed revised terms for the restructuring and the negotiation of these terms with the Lenders; and preparing a term sheet for the final agreed restructuring option.

Key People