Allied Nevada to Implement Financial Restructuring
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March 10, 2015 10:23 AM EDT
Gold miner stocks are on watch today after Allied Nevada Gold (NYSE: ANV) filed Chapter 11 bankruptcy.
Stocks and ETFs to watch: Hecla Mining (NYSE: HL), Novagold Resources, Inc. (NYSE: NG), Harmony Gold Mining... More
March 10, 2015 7:11 AM EDT
Allied Nevada Gold Corp. (NYSE: ANV) today announced an agreement with certain holders of its 8.75% senior unsecured notes due 2019 (the "Notes") and its secured bank lenders to effect a reduction in the Company's funded debt obligations and provide the Company with additional liquidity. In order to implement this financial restructuring, Allied Nevada and certain of its domestic direct and indirect subsidiaries filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware today. Allied Nevada will continue to operate its business as a... More
