Following a strategic review into its capital structure options, London-listed Petra Diamonds has decided to seek offers for the company or for parts of the business’ assets.
Petra started a strategic review of its capital structure options on March 27 to explore options available to settle an outstanding senior secured loan note of $650-million, which is due for repayment by May 1, 2022.
The loan notes are listed on the global exchange market of the Irish Stock Exchange.
The company confirms that it has not yet received any offers for the company or for parts of its assets.