Westgold Bolsters Balance Sheet Strength [Yahoo! Finance]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
Company Research
Source: Yahoo! Finance
PERTH Western Australia Oct. 28, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) – Westgold or the Company) is pleased to announce it has executed a commitment letter with ING Bank ( Australia ) Limited and Societe Generale to increase its existing $100M Syndicated Facility Agreement (SFA) to $300M through the addition of a new $200M facility ( Facility B The new $200M facility strengthens the Company's balance sheet by providing access to $300M of undrawn facilities (including the undrawn $100M Revolving Corporate Facility) that may be utilised for general corporate purposes. Facility B is available until 30 June 2025 and will have a quarterly amortisation schedule with first repayment commencing September 2025 (if drawn). Importantly, Westgold was not required to enter into mandatory gold hedging as part of the new Facility. Argonaut PCF acted as financial adviser to Westgold. Key terms for the new facility are attached as Appendix A. Westgold
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