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Tacora Resources Inc. Announces Closing of Tack-On Senior Secured Notes Offering

/PRNewswire/ Tacora Resources Inc. ("Tacora") today announced that it has successfully completed the offering of $50 million aggregate principal amount of. ....

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Tacora Resources Inc. Announces Management and Board Changes

/PRNewswire/ Tacora Resources Inc. ("Tacora" or the "Company") today announced changes to its executive management team and Board of Directors. Following a. ....

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Tacora Resources Inc. Announces Management and Board Changes

/PRNewswire/ Tacora Resources Inc. ("Tacora" or the "Company") today announced changes to its executive management team and Board of Directors. Following a. ....

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Tacora Resources Inc. Announces Closing of Senior Secured Notes [...] | Comunicati stampa CataniaOggi

12 maggio 2021 06:47
Fonte: Adnkronos
#altro
MONTRÉAL, May 11, 2021 /PRNewswire/ Tacora Resources Inc. ( Tacora or the Company ) today announced that it has successfully completed a $175 million aggregate principal amount of 8.250% senior secured notes due 2026 (the Notes). The Notes will pay interest semi-annually in arrears on May 15 and November 15 of each year beginning on November 15, 2021, and will mature on May 15, 2026, unless earlier redeemed or repurchased.
The net proceeds from the Notes, after payment of related costs and expenses, will be used to refinance the Company s senior secured debt and the remainder will be used for working capital and general corporate purposes.
Our refinancing strategy has been to reduce our borrowing costs, assure adequate liquidity and provide financial flexibility for the business, stated Joe Broking, Executive Vice President and Chief Financial Officer. The new structure will provide Tacora with the capital ....

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