Emeco

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Emeco Purchases US$52.3m of 144A Bonds

15 December 2015

HIGHLIGHTS:

  • On market purchase of Emeco issued 144A bonds with face value of US$52.3 million
  • Bond purchase reduces Emeco's annual finance costs by approximately US$5.2 million
  • Outstanding bonds following on market purchase total US$282.7 million, due March 2019
  • Partial close of cross currency interest rate swaps releasing US$34.2 million of value from mark to market (MTM) position

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