METS

Boart raises funds

STRUGGLING drilling contractor Boart Longyear has announced a $US300 million ($A323.5 million) offering to repay debt.

Kristie Batten
Boart raises funds

The company is offering 300,000 units, with each unit comprising $867 senior secured notes due in 2018 in an aggregate principal amount equal to $260 million, and $133 million senior unsecured notes due...

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