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How Nickel Industries’ US$800M Bond Boosts Growth and Cuts Debt Costs

9:58am on Thursday 25th of September, 2025 AEST Materials
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How Nickel Industries’ US$800M Bond Boosts Growth and Cuts Debt Costs

9:58am on Thursday 25th of September, 2025 AEST
Key Points
  • US$800 million senior unsecured notes issued at 9% coupon
  • Debt maturity extended to 2030, improving financial flexibility
  • Tender offer underway to repurchase 11.25% notes maturing 2028
  • US$88 million annual amortisation removed through refinancing
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