REG - Resolute Mining Ltd - US$30 million voluntary debt repayment
RNS Number : 3411LResolute Mining Limited10 September 202110 September 2021
Resolute Mining Limited
(Resolute or the Company)
US$30 million voluntary debt repayment
`
Resolute Mining Limited (Resolute or the Company) (ASX/LSE:RSG) is pleased to advise the early voluntary repayment of an additional US$30 million on the Company's Revolving Credit Facility (RCF).
The repayment was made from the first instalment of proceeds received on the sale of the Bibiani Gold Mine and brings Resolute's total voluntary repayments in 2021 to US$50 million, strengthening the balance sheet and reducing borrowing costs.
The early repayment reduces the RCF balance to US$100 million while Resolute retains the flexibility to redraw funds to the US$150 million threshold, up until the maturity date in March 2023.
A summary of Resolute's debt maturity balances following the US$30 million repayment shown in the full report, available at www.rml.com.au
Resolute's first scheduled debt repayment under the Term Loan Facility is at the end of September 2021 and is expected to be funded from cash flows.
For further information, contact:
Resolute
Stuart Gale, Chief Executive Officer
James Virgo, GM Finance and Investor Relations
Telephone: +61 8 9261 6100
Email: 34TUcontact@rml.com.auU34T
Web: 34Twww.rml.com.au34T
Berenberg (UK Corporate Broker)
Matthew Armitt / Detlir Elezi
Telephone: +44 20 3207 7800
Tavistock (UK Public Relations)
Jos Simson / Oliver Lamb
Telephone: +44 207 920 3150 / +44 778 855 4035
Email: 34Tresolute@tavistock.co.uk34T
FTI Consulting (Australian media)
Cameron Morse / James Tranter
Telephone: +61 433 886 871
Email: 34Tcameron.morse@fticonsulting.com34T
Authorised by Mr Stuart Gale, Chief Executive Officer
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDMSCKZGGLFLVGMZZ
Recent news on Resolute Mining
See all newsREG - Resolute Mining Ltd - March 2024 Quarterly Activities Report
AnnouncementREG - Resolute Mining Ltd - March 2024 Quarterly Presentation
AnnouncementREG - Resolute Mining Ltd - Quarterly Conference Call Details
AnnouncementREG - Resolute Mining Ltd - Notice of Annual General Meeting
AnnouncementREG - Resolute Mining Ltd - AGM Notice of Access
Announcement