Brightstar Completes US$120 million Senior Secured Bond Issue

Brightstar Resources Limited (ASX: BTR) has completed a fully subscribed US$120 million senior secured bond to support development of its Goldfields Project in Western Australia. When combined with the recently finalised AU$193 million equity raising and share purchase plan, the funding package provides sufficient capital to bring Goldfields into production while advancing the Sandstone Project toward Final Investment Decision.

The four-year bond carries a 12.5% annual coupon and includes an 18-month period of interest-only payments. Thereafter, principal will be repaid under a tiered amortisation schedule, with a 20% balance due at maturity. The structure excludes mandatory hedging, royalties, warrants or other equity-linked features. Site development at Goldfields is targeted to commence in the June quarter 2026 following final approvals, with first gold production scheduled for the June quarter 2027.

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