FINWIRES · TerminalLIVE
FINWIRES

Chrysos Secures AU$200 Million Refinancing Deal With Banking Syndicate

By

Chrysos (ASX:C79) secured a AU$200 million, three-year syndicated refinancing with ANZ Group Holdings (NZE:ANZ, ASX:ANZ), National Australia Bank (ASX:NAB), and Export Finance Australia, replacing its previous asset-based structure with a more flexible corporate-style debt facility, according to a Thursday filing with the Australian bourse.

The new package includes term and revolving debt with an accordion feature, improved pricing and covenants, lower commitment fees, and about AU$105 million in additional headroom to refinance existing facilities and support growth, per the filing.

The structure is secured across multiple jurisdictions and incorporates standard corporate covenants, including net leverage and interest coverage ratios, the filing said.

The company said the refinancing boosts financial flexibility to accelerate PhotonAssay deployment and manufacturing, targeting a return to 18 units per year, backed by a forward order book of 22 units and 27 long-lead components, the filing added.

ANZ Group 's Kiwi shares were down nearly 1% in recent Thursday trade.

Related Articles

Asia

Chalice Mining Identifies Rare Earth Mineralization at Western Australia Project

Chalice Mining (ASX:CHN) said recent drilling at the Deep Blue copper-molybdenum-silver-rare earth element (REE) target of its Northam joint venture project in Western Australia has identified rare earth mineralization, according to a Thursday Australian bourse filing.The company said the drilling returned 384 parts per million copper with 15.5% total rare earth oxide, 7,500 parts per million praseodymium oxide, 22,900 parts per million neodymium oxide, and 3,100 parts per million samarium oxide, among other results.The target area is largely concealed beneath residual agricultural soils with limited outcrop expression, with the source of the copper-REE anomalism unknown, while strong coincident magnetic and gravity anomalies indicate the presence of a large-scale hydrothermal system with skarn-style affinities extending over more than two kilometers, the filing added.Land access is secured for drilling, with an initial 10-hole reverse circulation drill program expected to start in the coming weeks, subject to regulatory approvals, it added.

$ASX:CHN
Asia

Race Oncology Raises AU$1 Million in Strategic Placement

Race Oncology (ASX:RAC) secured around AU$1 million via a targeted private placement with a specialist healthcare-focused institutional investor, issuing 526,315 fully paid ordinary shares at AU$1.90 each, representing a 23% discount to its recent average market price, according to a Thursday filing with the Australian bourse.The company has raised a total of AU$31.2 million, including this placement and recent funds from piggyback and bonus option offers, to support the clinical development of RC220 and general working capital requirements, the filing added.

$ASX:RAC
Asia

NZ Commerce Commission Proposes Caps on Interchange Fees for Commercial Credit Cards

The Commerce Commission of New Zealand released its draft decision to introduce caps on interchange fees for Mastercard and Visa commercial credit cards in a bid to have a more "fair and efficient" payments system, the competition, consumer, and regulatory agency said on Thursday.New Zealand businesses currently pay roughly NZ$125 million in interchange fees annually to accept Mastercard and Visa commercial credit cards, and the proposed caps are expected to reduce these costs by NZ$40 million per year.The final decision will be made later in the year, according to Commissioner Bryan Chapple.Westpac Banking (ASX:WBC, NZE:WBC) shares fell marginally in morning trade in New Zealand, while ANZ Group (ASX:ANZ, NZE:ANZ) shares were down nearly 1%.

$ASX:ANZ$ASX:CBA$ASX:WBC$NZE:ANZ$NZE:WBC