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Boart Longyear Ltd (BLY.AX)

BLY.AX on Australia Stock Exchange

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23 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Boart Longyear says court approved creditors' schemes of arrangement
Monday, 21 Aug 2017 08:48pm EDT 

Aug 22 (Reuters) - Boart Longyear Ltd :Supreme court of new south wales(court) approved creditors' schemes of arrangement forming part of company's recapitalisation.  Full Article

Boart Longyear reaches settlement with First Pacific Advisors
Tuesday, 8 Aug 2017 11:18pm EDT 

Aug 9 (Reuters) - Boart Longyear Ltd :Reached settlement with First Pacific Advisors (first pacific) during mediation ordered by supreme court of new south wales.First Pacific to withdraw its opposition to creditors' schemes of arrangement forming part of co's previously announced recapitalisation.Company has agreed to certain amendments to creditors' schemes and subscription deed.Has agreed to reimburse first pacific for fees and expenses incurred in connection with creditors' schemes, up to US$3 million.  Full Article

Boart Longyear updates on proceedings by entities associated with Anthony Maurici
Monday, 12 Jun 2017 09:33pm EDT 

June 13 (Reuters) - Boart Longyear Ltd ::Refers to commencement of proceedings by entities associated with Anthony Maurici, which hold about 2.8 pct of co's ordinary shares.Advises that supreme court of New South Wales dismissed application by entities associated with Anthony Maurici for an injunction.Co's AGM will proceed as planned and all resolutions relating to co's proposed recapitalisation will be considered at meeting.  Full Article

Boart Longyear says Q1 revenues were up 15% compared to corresponding period in 2016
Sunday, 14 May 2017 07:13pm EDT 

May 15 (Reuters) - Boart Longyear Ltd ::Revenues for Q1 ended 31 march 2017 were up 15% compared to corresponding period in 2016.Net profit after tax for q1 ended 31 march 2017 were up $14mln.  Full Article

Boart Longyear says court approves convening meeting of creditors
Wednesday, 10 May 2017 02:26am EDT 

May 10 (Reuters) - Boart Longyear Ltd ::Refers to recapitalisation proposal announced to ASX on 3 April 2017 ( recapitalisation).Supreme Court of New South Wales has made orders to approve distribution of explanatory statements in connection with creditors' schemes.Creditors meetings for creditors' schemes are expected to be held on 30 May 2017.  Full Article

Boart Longyear updates on first court hearing regarding recapitalisation proposal
Thursday, 4 May 2017 08:02pm EDT 

May 5 (Reuters) - Boart Longyear Ltd :Refers to recapitalisation proposal announced to asx on 3 april 2017."First Court hearing for creditors' schemes commenced yesterday in Supreme Court of New South Wales and has not concluded".  Full Article

Boart Longyear FY net loss attributable $156.8 mln vs loss of $326.3 mln
Sunday, 26 Feb 2017 05:59pm EST 

Boart Longyear Ltd - :Fy revenue $642.4 million, down 12.6 percent; fy net loss attributable $156.8 million versus loss of $326.3 million.  Full Article

Laserbond receives funding of $2.6 mln for mining project
Tuesday, 7 Feb 2017 05:21pm EST 

Laserbond Ltd : Laserbond has been awarded funding of wear life extension via surface engineered laser cladding for mining project .Receives $2.6 million of funding.  Full Article

Boart Longyear announces credit facility
Wednesday, 4 Jan 2017 07:52pm EST 

Boart Longyear Ltd : Boart Longyear announces new us$20 million credit facility from Centerbridge . facility has been established to provide additional financial resources to support ongoing restructuring discussions .overall financial condition and outlook remain as previously announced.  Full Article

Boart Longyear announces credit facility
Wednesday, 4 Jan 2017 06:22pm EST 

Boart Longyear Ltd : Boart Longyear announces new us$20 million credit facility from Centerbridge . facility has been established to provide additional financial resources to support ongoing restructuring discussions .overall financial condition and outlook remain as previously announced.  Full Article