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Geo Energy's move to improve financial flexibility at noteholders' expense: Moody's

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Published Fri, May 22, 2020 · 09:50 PM

Singapore

INDONESIAN coal producer Geo Energy Resources' consent solicitation and tender offer will improve its financial flexibility at the expense of noteholders, said credit ratings agency Moody's on Friday.

Mainboard-listed Geo Energy on Thursday announced a consent solicitation exercise to approve certain amendments to the indenture governing its 8 per cent senior notes due in August 2022.

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