26 Butler Boulevard, Burbridge Business Park Adelaide Airport
South Australia 5950, Australia
Tel: +61 8 8375 8375 • Fax: +61 8 8375 8498
www.boartlongyear.com
17 July 2017
Boart Longyear Recapitalisation: Recapitalisation UpdateBoart Longyear Limited (ASX:BLY) (Boart Longyear or the Company) advises that the Supreme Court of New South Wales (the Court) has adjourned the Second Court Hearing to approve the creditors' schemes of arrangement (the Creditors' Schemes), which form part of the Company's recapitalisation, until 27 July 2017 in order for the Company, First Pacific Advisors and entities associated with Mr Anthony Maurici to attempt to reach a mediated outcome. The Company also expects to have satisfied the remaining prerequisites to implementation of the Creditors Schemes by that time.
If the parties do not reach a mediated outcome, the Court has indicated it will hand down its decision on the Creditors' Schemes in early or mid-August.
The Company will advise on a more precise timetable for implementation of the recapitalisation as soon as possible.
Investor Relations: Media: Nate Stubbs Michael WeirDirector, Investor Relations Citadel-MAGNUS
Australia: +61 8 8375 8300 Australia: +61 8 6160 4903
USA: +1 801 952 8343 Mobile: +61 402 347 032
ir@boartlongyear.com mweir@citadelmagnus.com
Boart Longyear Limited published this content on 17 July 2017 and is solely responsible for the information contained herein.
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