Latest Credit Facility News

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.

PLS Group has upsized its senior notes offering to US$600 million at 6.875%, using proceeds to refinance A$375 million of debt and halve its revolving credit facility.

Genesis Minerals is set to acquire Magnetic Resources for approximately A$639 million, offering Magnetic shareholders a 25-35% premium. The deal unlocks synergies at the Lady Julie Gold Project, where an updated underground production target extends mine life to 14-19 years with improved economics.

Whitehaven Coal (ASX:WHC) has entered a US$600 million senior secured syndicated loan facility with a 4.5-year tenor, aimed at refinancing existing debt, lowering funding costs, and extending debt maturity. The facility reflects lender confidence in the company’s financial discipline and credit profile.

Alkane Resources delivered 45,776 ounces of gold equivalent in Q3 2026, boosted cash and bullion holdings to $362 million, and maintained its full-year production guidance amid stable operations.

Aurelia Metals has locked in a A$150 million senior secured financing package, strengthening its balance sheet and unlocking restricted cash to support its copper production growth targets.

KMD Brands has reported solid half-year growth and launched a $65.3 million equity raising alongside debt refinancing to support its Next Level transformation strategy.

Alkane Resources has locked in a $110 million revolving credit facility alongside a $40 million contingent instrument facility, enhancing liquidity and banking ties to support its mining operations and growth projects.

Ramelius Resources has withdrawn forward-looking financial statements based on a high gold price assumption, issuing a revised investor presentation that reaffirms its strong production growth and shareholder return plans through to FY30.

Strike Resources has agreed to sell a further 28.52% indirect stake in its Apurimac Iron Ore Project to JE United Ltd for A$5.5 million, while securing a US$5 million credit facility to accelerate project development and iron ore marketing.

Westgold Resources has locked in a $600 million unsecured revolving credit facility with top-tier lenders, enhancing its financial flexibility and liquidity to support future growth.

Canyon Resources has mobilised its surface miner to the Minim Martap site, targeting first bauxite production in early Q2 2026 and shipment by Q3, fully funded despite a failed equity raise.