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Aurelia Metals Secures AU$150 Million Senior Secured Financing

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Aurelia Metals (ASX:AMI) has completed financial close on a AU$150 million senior secured financing package with Citibank, Credeq, and HSBC, replacing its prior facilities and releasing around AU$46 million in restricted cash to boost available liquidity, according to a Wednesday Australian bourse filing.

The facility includes a AU$110 million rehabilitation bonding facility and a AU$40 million revolving credit facility, replacing the prior AU$65 million bonding facility and a $14.6 million undrawn Trafigura loan note advance, per the filing.

The new structure comprises three and five-year tranches with no amortization, cash collateral, or mandatory hedging, and is more cost-effective than prior arrangements, the filing added.

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