REG - Resolute Mining Ltd - US$30 million voluntary debt repayment

Resolute MiningAnnouncement

10/09/2021 07:00

RNS Number : 3411L
  
Resolute Mining Limited
  
10 September 2021
  
 

10 September 2021
 
 
Resolute Mining Limited
(Resolute or the Company)
 
 
US$30 million voluntary debt repayment

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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

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