PERTH, Australia, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) ("Paladin" or the "Company") is pleased to announce that the restructure of its syndicated debt facility (Debt Facility) with its Lenders, Nedbank Limited (acting through its Nedbank Corporate and Investment Banking division), Nedbank Namibia Limited and Macquarie Bank was executed on 18 December 2025 with completion of the restructure conditional on the finalisation of customary conditions.
The original Debt Facility was executed in January 2024 prior to the recommencement of production at the Langer Heinrich Mine (LHM) and the Company's acquisition of Fission Uranium Corp. The restructure aims to right-size the overall debt capacity, reducing it from US$150M to US$110M, leveraging Paladin's enhanced liquidity position following the successful completion of the A$300M equity raise and A$100M Share Purchase Plan in 2025. The restructure also reflects Paladin's increasing maturity as a uranium producer as it continues to progress the ramp up at the LHM, while providing greater undrawn debt capacity and balance sheet flexibility.
The restructure provides Paladin with a US$110M Debt Facility including:
-- Term Loan Facility of US$40M (30 September balance: US$79.8M), reducing
costs associated with the current debt portfolio, maturing on 28 February
2029
-- An undrawn Revolving Credit Facility of US$70M (30 September balance:
undrawn US$50M Facility), providing additional undrawn debt capacity,
maturing on 28 February 2027 with an option to extend twice by a further
year
As part of the restructure, a repayment of US$39.8M will be made to reduce the Term Loan Facility at completion. Please refer to Schedule 1 for the key terms of the restructured Debt Facility.
This announcement has been authorised for release by the Board of Directors of Paladin Energy Ltd.
Contacts Investor Relations Media Head Office Head Office Paula Raffo Anthony Hasluck Paladin Investor Relations Paladin Corporate Affairs T: +61 8 9423 8100 T: +61 409 448 288 E: paula.raffo@paladinenergy.com.au E: anthony.hasluck@paladinenergy.com.au
Schedule 1 -- Summary Terms of US$110M Debt Facility
Term Loan Facility Revolving Credit Facility
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Borrower Paladin Energy Ltd and Paladin Finance Pty Ltd (a
wholly owned subsidiary of Paladin Energy Ltd)
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Lenders Nedbank Limited, Nedbank Namibia Limited and Macquarie
Bank Limited
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Commitment US$40M (drawn) US$70M (undrawn)
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Security Senior Secured
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Repayment Quarterly capital repayment over Borrowers may choose to repay
12 repayment periods. and redraw anytime during the
Voluntarily repayment availability period. Repaid in
full by final maturity date.
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Maturity 28 February 2029 28 February 2027, with an option
to extend twice by a further
year, subject to a six month
notice period and Lender
approval
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Covenants Customary covenants, representations and events of
default for a secured debt financing with financial
covenants including debt service coverage ratio, net
Debt/EBITDA ratio, reserve tail ratio, and minimum
cash balance
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