Kingsgate Enters Definitive Documentation for $25 Million Loan Facility

MT Newswires Live

2025/12/24

Kingsgate Consolidated (ASX:KCN) entered a definitive documentation for a $25 million conditional standby loan facility with Nebari, according to a Wednesday filing with the Australian bourse.

Under the deal, the company will be able to initially withdraw a minimum of $10 million from the facility, and can progressively draw down over the next year, the filing said.

Proceeds will be used to refinance the company's existing $31 million loan facility and reduce its total borrowings by 68%, the filing added.

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