Molycorp to Skip Interest Payment Amid Debt Restructuring TalksSteven Frank
Molycorp Inc. said it will miss a $3.36 million semi-annual interest payment due Monday as it negotiates with creditors to restructure its debt.
The company will enter into a 30-day grace period for the payment on its 3.25 percent Senior Unsecured Convertible Notes due 2016, the Greenwood Village, Colorado-based producer of rare earths said Monday in a statement.
Link to Statement:Link
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