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BRIEF-Pilbara Minerals Says Formal Agreements For Us$110M Debt Facility Executed

Published 15/09/2020, 09:28 am
© Reuters.
PLS
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Sept 15 (Reuters) - Pilbara Minerals Ltd PLS.AX :

* FORMAL AGREEMENTS FOR US$110M SENIOR SECURED DEBT FACILITY EXECUTED WITH BOTH BNP PARIBAS & CLEAN ENERGY FINANCE

* PROCEEDS FROM FINANCE FACILITY WILL BE USED TO REDEEM OUTSTANDING BALANCE OWING UNDER EXISTING US$100M NORDIC BOND

* SUBSTANTIAL COST SAVINGS ARE EXPECTED FROM FINANCE FACILITY WHEN COMPARED TO NORDIC BOND

* AGREEMENTS EXECUTED ALSO INCLUDE RENEWAL OF US$15M WORKING CAPITAL FACILITY WITH BNP PARIBAS

* FINANCE FACILITY ALSO INCLUDES AN EXTENSION OF UNDRAWN US$15M WORKING CAPITAL FACILITY WITH BNP PARIBAS

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