Latest Debt Management News

Eagle Mountain Mining has formalised a joint venture with Nittetsu Mining for the Oracle Ridge copper project in Arizona, with Nittetsu committing US$20 million to advance exploration and development while managing the operation.

New Hope Corporation is raising A$300 million through a new convertible notes issue while simultaneously seeking to repurchase its existing A$300 million notes. The move coincides with elevated thermal coal prices amid Middle East tensions and ongoing operational guidance.

Moody’s Ratings has affirmed APA Group’s Baa2 (stable) credit rating and lowered the downside FFO/Debt threshold from 8% to 7%, reinforcing APA’s financial footing for future growth. This follows a similar adjustment by S&P last December that expanded APA’s debt capacity by over $1 billion.

TZ Limited (ASX:TZL) has secured $0.81 million through a private placement at a 22% premium to the last traded price, issuing 16.2 million shares with attaching options pending shareholder approval. The funds will support debt repayment, vendor payments, working capital, and growth initiatives in smart locking and data centre security.

Bapcor has completed its retail entitlement offer, raising A$43.5 million as part of a broader A$200 million equity raising aimed at reducing debt and boosting financial flexibility.

OM Holdings’ subsidiary has fully redeemed its AUD 30.9 million private bonds ahead of schedule, funded by the sale of a strategic mining stake. This move clears all bond obligations well before the May 2026 maturity date.

TZ Limited has completed a A$1.5 million capital raise at a premium, appointed David Sampaklis as Group CEO with significant shareholding, and repaid A$1 million of debt, positioning itself for growth in data centre security.

NTAW Holdings has secured an extension of its financial covenant waiver from Commonwealth Bank, easing short-term credit pressures while continuing repayments on its borrowing facility.

TZ Limited has responded to ASX queries over the deferral of a A$2.75 million debt repayment, asserting the delay was already well disclosed and unlikely to impact its share price materially.

OM Holdings reported a modest decline in FY2025 revenue and EBITDA amid subdued market conditions but maintains a positive cash position and sets a stable production outlook for FY2026.

ActivEX Limited has fully repaid its $2.3 million loan to Star Diamond Developments by transferring full ownership of its East Coast Gold and Copper subsidiary, leaving the company debt free and financially strengthened.

Spenda Limited has successfully raised $1.4 million through a private placement, supported by both new and existing sophisticated investors, including key directors. The funds will fuel the company’s commercialisation efforts and strengthen its working capital position.