Australia : NEWCREST MINING takes on second debt package in space of 4 mths.
The company has announced a new three-year loan valued at $US200 million, to provide ''additional liquidity headroom".
The loan, which Newcrest inked with an unnamed bank, comes after the company secured $US450 million worth of debt in October which was also said to offer "additional liquidity headroom"
For a gearing ratio of 29.1 per cent, the gold miner had $4.1 billion worth of debt on June 30.
The new debt package ends in January 2017 and Newcrest said it would be nice having a new bank to work with.
It added : "The new facility provides Newcrest with additional liquidity headroom, expertise and diversity, as well as extending the average debt maturity of its bilateral loan facilities."
2014 Al Bawaba (Albawaba.com) Provided by Syndigate.info , an Albawaba.com company
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|Date:||Jan 15, 2014|
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