Kingsgate Consolidated Secures US$25 Million Standby Credit Facility

Kingsgate Consolidated Limited (ASX: KCN) has arranged a new US$25 million standby loan facility with Nebari Natural Resources Credit Fund II, LP, and its affiliated entities. This facility, designed to support Kingsgate’s balance sheet de-gearing strategy, comes following the satisfaction of all conditions precedent. As part of the agreement, Kingsgate has repaid its existing loan facility and drawn US$ 10 million under the new facility. The company’s total borrowings have consequently been reduced from approximately AU$ 47 million to AU$ 15 million, representing a 68% decrease. This new financing provides Kingsgate with increased funding flexibility to support future operations and corporate initiatives. The facility is structured to ensure the company can continue its de-gearing while positioning itself for growth in its operational and corporate strategy.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au