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Boart Longyear Ltd (BLY.AX)

BLY.AX on Australia Stock Exchange

28 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Boart Longyear Limited Says president and CEO Richard O'Brien Resigned
Sunday, 23 Aug 2015 08:22pm EDT 

Boart Longyear Limited:Says president and CEO Richard O'brien Resigned.Says Marcus Randolph, company's Chairman, will be increasing his role at the company and will become executive chairman on a temporary basis.Says board will initiate a search for O'Brien's successor.Says will consider both internal and external candidates for O'brien's role.  Full Article

Boart Longyear Limited announces changes to its board
Sunday, 22 Feb 2015 09:00pm EST 

Boart Longyear Limited:Says that Barbara Jeremiah and Roy Franklin will be retiring from the Board, and Marcus Randolph and Bret Clayton will be joining the Board following the recent completion of the recapitalisation transactions.Randolph also will assume the responsibilities of Board Chair from Jeremiah at the time of his appointment.All of the changes will take effect on Feb. 25, 2015.  Full Article

Boart Longyear Limited launches A$103.4 million pro rata traditional renounceable rights issue
Wednesday, 17 Dec 2014 08:00pm EST 

Boart Longyear Limited:Announces pro rata traditional renounceable rights issue of 0.9798 fully paid ordinary shares in Boart Longyear for every fully paid ordinary share held.New Shares under the Rights Issue are being offered at a price of A$0.1656 per New Share (Offer Price) to raise about A$103.4 million.The net proceeds of the capital raising will be used to reduce the company’s net debt and provide Boart Longyear with greater liquidity as the company manages through a challenging operating environment.  Full Article

Boart Longyear Limited announces successful tender for $105 million Senior Secured Notes
Wednesday, 5 Nov 2014 03:00pm EST 

Boart Longyear Limited:Says that it has successfully tendered for $105 million principal amount of its 10 pct. Senior Secured Notes, which are due in Oct. 2018.Says the principal amount of the tender will be funded via proceeds from a $105 million term loan provided by Centerbridge pursuant to the recapitalisation transactions announced by the company on Oct. 23, 2014.Says redemption of the tendered notes and corresponding funding of the Tranche B term loan is expected to occur on Nov. 7, 2014.  Full Article

Boart Longyear ltd does not declare dividend
Monday, 25 Aug 2014 11:00pm EDT 

Boart Longyear ltd:Says that no dividend has been determined for either of the half-years ended june 30, 2013 or June 30. 2014.  Full Article

Boart Longyear awarded contract for natural gas storage facility in Western United States
Thursday, 21 Aug 2014 10:00am EDT 

Boart Longyear ltd:Says it has been awarded a contract on Aug. 1, 2014 for drilling services at the Magnum NGLs (Natural Gas Liquids) Storage Project at central Utah's Western Energy Hub.Magnum is building the first underground salt cavern NGLs storage facility in the Rocky Mountain region at the site, located 10 miles north of Delta.Development will include the construction of solution-mined storage caverns in a salt dome about 3,000 feet below the natural surface.  Full Article