Atlas Iron $267 million debt restructuring

Overview:

• Australian mining company Atlas Iron has negotiated a debt restructuring with its creditors.
• The restructuring was effected through a debt for equity swap, with the lenders receiving what equates to 70% of the company in exchange for reducing the company's term loan B from $259 million to $135 million, and extending the maturity and reducing the interest rate on what remained. 

 Katrin Kostadinova - Data analyst