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Geo Energy fails to get noteholders' nod to ease notes terms

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Published Fri, Jun 5, 2020 · 09:50 PM

    Singapore

    INDONESIAN coal miner Geo Energy Resources said on Friday that no amendments will be made to the indenture governing the 8 per cent senior notes issued by its wholly-owned unit Geo Coal International, since it failed to get the consent of noteholders to do so.

    The amendments would have given the group more financial flexibility at the expense of its noteholders.

    Geo Energy

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