logo-loader

Western Areas revises $125M loan facility with ANZ

Last updated: 03:50 08 Mar 2013 GMT, First published: 02:50 08 Mar 2013 GMT

no_picture_pai

Western Areas (ASX:WSA) has revised a $125 million loan facility with ANZ.

The new facility will extend to March 2016 and while the facility remains undrawn, the current amortisation profile should maintain sufficient capacity to cover the entire $110 million bond repayment due in July 2014.

The revised facility will provide Western Areas significant flexibility providing it access to a committed line of finance.

It had a cash position of $85.84 million at the end of December 2012.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Caledonia Mining tackles 2023 challenges with optimism for 2024 as it...

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) chief executive Mark Learmonth tells Proactive's Stephen Gunnion the company faced a challenging 2023, primarily due to poor production in the first half of the year at its core asset, the Blanket Mine in Zimbabwe, and an underperformance...

1 hour, 52 minutes ago