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Thunderbird gains more time as lenders consider a 2027 standstill
8:13am on Thursday 1st of October, 2026 AEST
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Mining
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Thunderbird gains more time as lenders consider a 2027 standstill
8:13am on Thursday 1st of October, 2026 AEST
Key Points
Repayment deferrals and covenant waivers extended to 31 October 2026
Proposed standstill could defer KMS debt obligations until 30 June 2027
Negotiations are tied to recent improvements in operations and production
Sheffield and Yansteel remain sponsors and guarantors of the senior facilities
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