Deal With Bondholders Buys Sherritt Another 3 Years: CEO

The transcript discusses the company's interactions with bondholders, highlighting their support and belief in the quality and longevity of the company's assets. It addresses the current low commodity prices and the potential for recovery over time. The company is restructuring its debt servicing to gain an additional three years before facing public debt maturity, extending the maturity dates of its debentures to provide a financial runway until November 2021.

What are the expected benefits of shifting the maturity dates of the debentures?

What is the significance of the runway provided by the new debt maturity dates?