Westgold Resources Secures AU$600 Million Unsecured Revolving Facilities; Shares Fall 3%

MT Newswires Live

Mar 12

Westgold Resources (ASX:WGX) bolstered its balance sheet with new AU$600 million in unsecured revolving facilities from a five-bank syndicate, providing flexible funding for general corporate purposes, according to a Thursday Australian bourse filing.

The facilities consist of three separate tranches maturing in three, four, and five years, with no mandatory hedging, amortization, or sweep requirements, the filing said.

The lending syndicate includes the Commonwealth Bank of Australia (ASX:CBA), Oversea-Chinese Banking, RBC Capital Markets, Societe Generale, and Westpac Banking (ASX:WBC, NZE:WBC), the filing added.

Westgold Resources' shares fell around 3% in recent Thursday trade, while Westpac Banking's Kiwi shares shed close to 1%.

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