Boart Longyear's debt crisis

The earnings were awful. But it is the debt situation that is the real worry.

The Boart Longyear (BLY) interim result was always going to be terrible. It was more a question of just how bad.

And the answer was very bad indeed. On top of the expected massive loss was the eye-popping admission that, in the absence of a refinancing or recapitalisation, the company may breach its lending covenants.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles