Latest Debt Management News

Babylon Pump & Power has secured $0.4 million in convertible loans from key shareholders and plans a $12.7 million rights issue at a 35% discount to address working capital shortfalls and reduce debt.

Kaiser Reef delivered 6,000 ounces of gold in Q2 2026, resolved operational issues at Henty, cut debt by nearly $2 million, and bolstered its balance sheet with a A$37.2 million cash position.

Cann Group has boosted its private credit loan facility by $2 million to facilitate the early redemption of convertible notes, maintaining its debt restructuring momentum.

Echelon Resources has finalised its exit from Cue Energy Resources following Horizon Oil's takeover, converting its Cue shares into cash and Horizon stock while cutting debt.

Native Mineral Resources (ASX:NMR) has raised A$3.5 million through a convertible note with Lind Global Fund III LP, providing immediate working capital and flexibility for its growth plans.

Elders Limited has finalised the sale of Killara Feedlot to Australian Meat Group, marking a key step in its strategy to reduce net debt.

NTAW Holdings has extended its financial covenant waiver with Commonwealth Bank to the end of 2026, while introducing new covenants for FY2027 and continuing to reduce its debt.

Cann Group Limited has agreed to fully redeem its outstanding convertible notes with Obsidian Global GP, LLC at 100% of face value, foregoing the usual early redemption premium. This move concludes the convertible securities facility established earlier in the year.

Altech Batteries has sold its non-core land in Meckering, Western Australia, for $950,000, boosting working capital while retaining mining rights. The sale also triggered a $500,000 bank guarantee tied to €2 million bearer bonds due in October.

Cooks Coffee posted a 22.8% jump in UK and Ireland store sales for FY26, driving a 27% lift in normalised EBITDA. The company confirmed new store openings in Dubai and India, signalling a push into fast-growing international markets.

TZ Limited (ASX:TZL) has launched a 1-for-4 non-renounceable entitlement offer priced at 3 cents per share, aiming to raise approximately $2.58 million to reduce debt and fund growth initiatives.

Spenda Limited has pushed back the closing date for its retail entitlement offer by five days, aiming to complete a critical $8.545 million capital raise to support its turnaround plan and reduce debt.