Mineral Resources (ASX:MIN) said it is not considering an equity raise, given "strong" liquidity of over AU$1.25 billion as of March 31, according to a Tuesday filing with the Australian bourse.
The company holds more than AU$450 million in cash and has full access to an undrawn AU$800 million revolving credit facility, with no covenant breaches expected, the filing said.
Net debt stood at AU$5.4 billion, with the third quarter outflows driven by AU$360 million in capital expenditure and AU$50 million in working capital, the filing added.
MIN expects to refinance a AU$700 million bond maturing in 2027, with early refinancing possible from May.
Bond market volatility has not affected its serviceability or interest expense, the company said.
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