Latest Bank Facilities News

Whitehaven Coal’s March quarter production fell 14% due to seasonal wet weather in Queensland, but coal prices rose sharply and refinancing cut interest costs by up to A$55 million annually.

Gale Pacific reported a $1.3 million operating cash outflow in Q3 FY26 amid Middle East geopolitical tensions but strengthened its net cash position by $18 million year-on-year. The company is executing a revised strategy focused on expanding its US commercial footprint and diversifying manufacturing beyond China.

Scentre Group has initiated a tender offer to buy back its US$1.312 billion Non-Call 2030 Subordinated Notes, aiming to reshape its capital structure by using existing senior bank facilities for financing.

Scentre Group has initiated a tender offer to repurchase all of its US$1.312 billion Non-Call 2030 Subordinated Notes, aiming to refinance this debt through existing senior bank facilities. The move follows recent capital management efforts and sets the stage for updated debt metrics.

Northern Star Resources strengthened its cash flow and maintained FY26 production guidance above 1.5 million ounces despite cost inflation and operational challenges. The KCGM Mill Expansion remains on track for early FY27 commissioning, underpinning confidence reflected in a $500 million share buy-back announcement.

Lindian Resources has locked in a US$11.6 million financing package from Malawi's NBS Bank, bolstering the Kangankunde Rare Earths Project with asset-backed and working capital facilities. This deal complements Lindian’s recent A$100 million placement and underscores its commitment to local partnerships.

Lark Distilling Co. edged up net sales to $4.3 million in Q3 FY26, buoyed by growth in travel retail and B2B channels, while unveiling its new Signature Whisky Range that snagged top design honours.

EVZ Limited has upgraded its banking facilities by replacing Commonwealth Bank with HSBC, expanding total committed credit to $15.5 million. The new arrangements offer improved terms and greater financial flexibility to support growth across its Energy & Resources and Building Products divisions.

Summerset Group Holdings Limited reported a 34% increase in new occupation right sales in the first quarter of 2026 compared to the same period last year, alongside a 19% rise in resales. Despite rising fuel prices linked to geopolitical tensions, the company maintains a strong sales pipeline and cost management strategies.

Duratec Limited is set to acquire Newcastle-based Pacific Welding Australia for up to $12 million, boosting its Energy and Mining sector footprint in NSW. The deal enhances Duratec’s self-perform capabilities and access to key Hunter Region clients.

Synlait Milk Limited has completed the sale of its North Island assets to Abbott for NZ$307 million, significantly reducing its bank debt and refocusing its operations on Canterbury.

KMD Brands has requested a voluntary suspension of its shares on both the NZX and ASX as it finalises a capital raise, refinancing, and its half-year financial results. The suspension aims to maintain market order while key details remain under negotiation.