SBM 1.52% 32.5¢ st barbara limited

News: SBM St Barbara Ltd to buy back US$20 million of Senior Secured Notes

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    Dec 19 (Reuters) - St Barbara Ltd (SBM) :

    • Asx alert-St Barbara to buy back US$20 million of senior secured notes-SBM.AX
    • Will repurchase an additional US$20 million in aggregate principal of its US 144A senior secured notes, effective 20 January 2017
    • "Expect to be debt free next quarter"
    • Repurchase will be achieved via a notice of redemption administered by trustee
    • Note repurchase will be funded from US dollar cash reserves generated from US dollar gold sales
 
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