Terramin Australia Unit Extends Loan Facilities Maturity
MT Newswires Live
Jun 25
Terramin Australia (ASX:TZN) said its wholly owned subsidiary, Terramin Exploration, reached an agreement with major shareholder Asipac Group to extend the maturity date of its existing loan facilities to June 30, 2027, according to an Australian bourse filing on Wednesday after market hours.
The facilities comprise the secured standby term facility, the unsecured standby term facility, and the bird in hand facility, per the filing.
The company said Asipac's continued financing support will fund its corporate strategy while it pursues long-term financing options, the filing added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.