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OZ MINERALS GETS DEBT REFINANCING EXTENSION TO JUNE 30.

AsiaPulse News

| May 01, 2009 | COPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SYDNEY, May 1 Asia Pulse - OZ Minerals (ASX:OZL) says its bankers have granted it a two-month extension to refinance its debt obligations.

The lending facilities were due for repayment on April 30, but the zinc and lead producer now won't have to pay until June 30.

OZ Minerals said the extension was granted to allow it to complete a deal with China Minmetals Non-ferrous Metals Co Ltd.

"The extension is subject to a number of conditions subsequent that must be satisfied on or shortly following the date of this announcement," it said in a statement on Friday.

"The company expects that all conditions subsequent will be satisfied within the respective periods allowed."

The extension affects about A$1.2 billion (US$870.12 million) ...

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Source: HighBeam Research, OZ MINERALS GETS DEBT REFINANCING EXTENSION TO JUNE 30.

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