26 March 2015
Whitehaven Coal completes A$1.4 billion refinancing
Whitehaven Coal Limited (ASX: WHC) is pleased to announce it has achieved financial close today for its A$1.4 billion Senior Secured Bank Facility with a syndicate of Australian and international banks.
The facility’s A$1.2 billion drawable line of credit is for general corporate purposes and has a maturity date of July 2019.
Paul Flynn, Whitehaven Coal Managing Director and CEO, today said: “We are pleased to have completed this important transaction and welcome the support provided by the banking syndicate. The facility will enable Whitehaven to fulfil its ambition of becoming Australia’s leading independent coal company by providing flexibility for the company over the next few years.”Back to News