Regis Resources (ASX:RRL) has established a $300 million revolving credit facility just weeks after repaying a syndicated loan facility ahead of the 30 June 2025 maturity date of the same value.
The company says in order to provide additional flexibility and liquidity, Regis has established another credit facility, which it says has competitive terms and underpins the company’s strong business fundamentals and attractive outlook.
CFO Anthony Rechichi says Regis now has an expanded banking syndicate, consisting of “numerous very highly regarded banks with significant experience within the natural resources sector”.
“We welcome the members of our banking facility, and we look forward to a long and prosperous relationship,” says Rechichi.
As Mining.com.au reported on 17 January, Regis repaid its previous $300 million syndicated loan facility using existing cash reserves due to its “strong” financial position.
As of 31 December 2024, Regis had $529 million cash and bullion at hand.
Write to Adam Orlando at Mining.com.au
Images: Regis
