https://www.engineeringnews.co.za
Energy|Financial|Resources
Energy|Financial|Resources
energy|financial|resources

Kenmare completes debt refinacing process

13th March 2024

By: Creamer Media Reporter

     

Font size: - +

Titanium minerals and zircon producer Kenmare Resources has completed the execution and initial drawdown process in relation to a recently announced $200-million revolving credit facility (RCF).

The RCF was provided by financial institutions Absa, Nedbank, FirstRand Bank and Standard Bank.

Following a 30-day consideration period by the Mozambican Ministry of Mineral Resources and Energy, final documentation has been signed and first funds disbursed on March 11.

The previous term loan and revolving credit facility put in place in December 2019 have been repaid in full.
 
Kenmare, which operates the Moma titanium minerals mine in northern Mozambique, announced last month that it had received commitments for the 200-million RCF.

At the time, it said the new facility would provide the group with additional financial flexibility as a result of the extended maturity profile, revolving structure and increased quantum.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

 

Showroom

GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.425 0.587s - 158pq - 2rq
Subscribe Now