Boart gasping for breath

Boart Longyear has managed to refinance its debt. But the cost is crippling.

Wounded mining services giant Boart Longyear (BLY) is in a grave situation, literally.

The ongoing tug-of-war between its banking syndicate and prospective financiers willing to stump up cash to refinance its debt may have been partly resolved over the weekend, giving the company some much needed breathing space.

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