Lenders to Glencore-led Australian coal port agree to 8-yr extension – sources

Lenders to Queensland's debt-laden Wiggins Island Coal Export Terminal have agreed to extend about $3-billion due on an outstanding loan for eight years, a lifeline to owners who would have had to repay the hefty debt from September, two sources told Reuters. "There is a structure on the table to extend the loan," a banking source with direct knowledge of the matter told Reuters. The extension had been agreed to but not yet been signed by the parties, the source said.