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.
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Western Areas revises $125M loan facility with ANZ
Last updated: 03:50 08 Mar 2013 GMT, First published: 02:50 08 Mar 2013 GMT