Completion of debt refinancing process
13 March 2024 - 6:00PM
UK Regulatory
Completion of debt refinancing process
Kenmare Resources plc
(“Kenmare” or the “Company” or “the Group”)
13 March 2024
Completion of debt refinancing
process
Kenmare Resources plc (LSE:KMR, ISE:KMR), one of
the leading global producers of titanium minerals and zircon, which
operates the Moma Titanium Minerals Mine in northern Mozambique,
has completed the execution and initial drawdown process in
relation to its recently announced $200 million Revolving Credit
Facility.
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 11
March. The previous Term Loan and Revolving Credit Facility put in
place in December 2019 have been repaid in full.
The facility has been provided by Absa Bank
Limited (acting through its Corporate and Investment Banking
Division), Nedbank Limited (acting through its Nedbank Corporate
and Investment Banking division), FirstRand Bank Limited (acting
through its Rand Merchant Bank division) and Standard Bank Group
(acting through its Corporate and Investment Banking division). The
Initial Mandated Lead Arranger in respect of the Facility was Rand
Merchant Bank.
For further information, please contact:
Kenmare Resources plc
Jeremy Dibb / Katharine Sutton / Michael Starke
Investor Relations
ir@kenmareresouces.com
Tel: +353 1 671 0411
Mob: + 353 87 943 0367 / + 353 87 663 0875
Murray (PR advisor)
Paul O’Kane
pokane@murraygroup.ie
Tel: +353 1 498 0300
Mob: +353 86 609 0221
About Kenmare Resources
Kenmare Resources plc is one of the world's
largest producers of mineral sands products. Listed on the London
Stock Exchange and the Euronext Dublin, Kenmare operates the Moma
Titanium Minerals Mine in Mozambique. Moma's production accounts
for approximately 7% of global titanium feedstocks and the Company
supplies to customers operating in more than 15 countries. Kenmare
produces raw materials that are ultimately consumed in everyday
quality-of life items such as paints, plastics and ceramic
tiles.
All monetary amounts refer to United States dollars unless
otherwise indicated.
Kenmare Resources (LSE:KMR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Kenmare Resources (LSE:KMR)
Historical Stock Chart
From Apr 2023 to Apr 2024
