Capital/Financing Update • Oct 22, 2015
Capital/Financing Update
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Nyrstar advises that a statement made by its CEO, Bill Scotting, in a telephone interview earlier today with the Belgium De Tijd newspaper was misinterpreted. The De Tijd article quotes Bill Scotting as stating that Nyrstar could not guarantee that there would not be a debt restructuring in 2016. The Company clarifies and confirms that the intention is to strengthen the balance sheet and not to restructure any of its debt obligations. Furthermore, the Company commits to repay in full all of its outstanding notes on or before the maturity date. The De Tijd newspaper has since run a correction which has been published on-line.
As mentioned in the Company's, Q3 2015 Interim Management Statement published earlier today, the Company is in advanced stages of reviewing its capital structure and is actively evaluating both debt and equity capital market alternatives. The Company seeks not only to address the upcoming bond maturity in May 2016 but also to provide increased financial strength and operational flexibility. Nyrstar continues with the implementation of its strategy which reflects the current commodity price environment and expects to provide an update to the market during the course of the current quarter.
Nyrstar is an integrated mining and metals business, with market leading positions in zinc and lead, and growing positions in other base and precious metals; essential resources that are fuelling the rapid urbanisation and industrialisation of our changing world. Nyrstar has mining, smelting, and other operations located in Europe, the Americas, China and Australia and employs over 5,500 people. Nyrstar is incorporated in Belgium and has its corporate office in Switzerland. Nyrstar is listed on Euronext Brussels under the symbol NYR. For further information please visit the Nyrstar website, www.nyrstar.com
Anthony Simms - Group Manager Investor Relations T: +41 44 745 8157 M: +41 79 722 2152 [email protected] Greg Morsbach - Group Manager Corporate Communications T: +41 44 745 8295 M: +41 79 719 2342 [email protected]
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