Jan 10 (Reuters) - Paladin Energy Ltd PDN.AX
* Has resolved to enter into a proposal to restructure its balance sheet (restructure proposal)
* Restructure proposal contemplates us$362m (comprising all outstanding 2017 convertible bonds and 2020 convertible bonds) to be exchanged
* Restructure will have effect of reducing its debt obligations and extending maturity of remaining debt
* Purpose of restructure proposal is to address upcoming maturity of paladin's outstanding us$212m 6.00% convertible bonds due 30 april
* "Believes implementation of restructure proposal will be a positive outcome"
* Company to conduct an equity raising of a minimum of us$75m
* Co's total debt of us$382m (including us$20m drawn under lhm revolving credit facility) will be immediately reduced by us$145m to us$237m Source text for Eikon: ID:nASX1S06y Further company coverage: PDN.AX