Rio Tinto Plans to Buy Back $1.5 Billion in Debt due in 2017, 2018
April 21 2016 - 9:34AM
Dow Jones News
By Alex MacDonald
LONDON--Mining giant Rio Tinto PLC(RIO.LN) said Thursday it has
launched cash tenders to buy back up to $1.5 billion of debt due in
2017 and 2018, joining other mining and metals companies in using
their cash piles to pare debt amid a protracted commodities price
downturn.
The tenders are expected to close in early May depending on
whether certain conditions are met.
Write to Alex MacDonald at alex.macdonald@wsj.com
(END) Dow Jones Newswires
April 21, 2016 09:19 ET (13:19 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Rio Tinto (NYSE:RIO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Rio Tinto (NYSE:RIO)
Historical Stock Chart
From Jul 2023 to Jul 2024
