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23/12/2015 - 15:01

Atlas deal slashes debt

23/12/2015 - 15:01

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Ailing iron ore miner Atlas Iron has done a deal with the majority of its lenders, who have agreed to a plan to cancel $US132 million ($183 million) of debt in exchange for equity in the junior exporter.Atlas said more than 75 per cent of lenders had agreed to the move.

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