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Boart to solve colossal debt conundrum with mammoth dilution 

Lenders to seize 99% of company with debt for equity swap under third recapitalisation plan

Haydn Black
Boart is digging itself out of as debt hole

Boart is digging itself out of as debt hole

The deal will swap debt for equity, and see 98.5% of the company under the control of Boart's lenders.   The company has been working Rothschild & Co to examine its options, and the plan being chased...

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