Barminco refinances US$485m in debt

MINING contractor Barminco has refinanced $US485 million in debt.

Barminco said the senior note offering was oversubscribed.

"The note facility will provide Barminco with a simplified, long-term debt structure and replace Barminco's existing secured senior bank syndicate, subordinated debt and mezzanine facilities," the private company said in a statement.

The note will mature in 2018 and bears a coupon of nine per cent.

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