Company updates
This week, Eric Insurance released its 1H17 results, PMP provides an update following its acquisition of IPMG, Sydney Airport announced it declined the offer to develop and operate Western Sydney Airport, and we DirectBonded new bonds from Barminco Finance and Talen Energy Supply
Company factsheets
Barminco Finance Pty Limited USD 6.625% 15 May 2022 Senior Secured Bond
Company updates
Barminco and Broadspectrum both called bonds this week, coupled with the recent Swiss Re call, there will be plenty of cash looking for a home in the next month or so. Investors can trade prior to maturity to take advantage of current offers.
Company updates
Barminco awarded two major contracts, IMF received cash boost from case settlements and all PPP projects under the Plenary bond now in operational phase
Company updates
Two major contract wins are credit positive for the contract miner
Company updates
Barminco managing its refinancing risk through progressive bond buybacks and Virgin’s rating on hold despite equity raise
Company updates
Barminco has made a further repurchase of its 2018 bonds
Company updates
Barminco released unaudited third quarter financial results for FY16, G8 confirmed it will slow the pace of acquisitions, PMP completed the major transformation programme it started in 2012 and Virgin added a fifth major airline to its shareholder registry
Company updates
Barminco’s third quarter result is characterised by moderate earnings growth, improved free cashflow generation and a sound cash position
Company updates
Barminco has released its 1H16 results highlighted by a 10.6% increase in earnings before interest, tax, depreciation and amortization (EBITDA) on the prior corresponding period. The company has also reduced the bonds outstanding through a further buy back but financial leverage continues to remain very high