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BRIEF-Niko negotiates extension agreement with lenders of its $340 mln senior term loan

Published 2015-12-18, 07:57 a/m
© Reuters.  BRIEF-Niko negotiates extension agreement with lenders of its $340 mln senior term loan
NKO
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Dec 18 (Reuters) - Niko Resources Ltd NKO.TO :
* Provides corporate update
* Negotiated an agreement with the institutional lenders of its US$340 million
senior term loan facilities with respect to extension
* Agreement requires the approval of a majority of the lenders
* Company expects to receive the required level of approval within the next few
days
* Says believes it has sufficient liquidity to fund the cash requirements of
its operating subsidiaries in India and bangladesh
* Under negotiated agreement lenders would agree not to act until January 15,
2016 on any rights or remedies arising from any default
* Source text for Eikon ID:nMKW38h1Da
* Further company coverage NKO.TO

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