Anglo Pacific Group PLC: Refinance and Upsize of Borrowing Facility
London, England (FSCwire) - Anglo Pacific Group PLC ("Anglo Pacific", the
"Company", the "Group") (LSE: APF) (TSX: APY) is pleased to announce that it has completed a refinancing and upsizing of its
borrowing facility with Barclays and Investec.
As part of this refinancing, we are delighted to welcome Scotia Bank, a prominent lender to the mining sector, into
the syndicate alongside our exiting lenders.
The key terms of the refinancing are as follows:
- US$60m revolving credit facility - double the availability of the previous US$30m facility
- US$30m accordion which can be requested for certain acquisitions
- Facility provided equally by Barclays (agent), Investec and Scotia Bank
- Three-year term, with the option to request a twelve-month extension after 18 months
- Margin of LIBOR + 275bps at less than one times leverage (current and envisaged level)
- Facility reduces to US$40m in the final twelve months
Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/6171B_1-2018-9-21.pdf
For further information:
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Anglo Pacific Group PLC
Julian Treger - Chief Executive Officer
Kevin Flynn - Chief Financial Officer and Company Secretary
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+44 (0) 20 3435 7400
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Website:
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www.anglopacificgroup.com
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BMO Capital Markets Limited
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+44 (0) 20 7664 8020
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Jeffrey Couch / Tom Rider
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Canaccord Genuity Limited
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+44 (0) 20 7523 8000
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Martin Davison / James Asensio
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Peel Hunt LLP
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+44 (0) 20 7418 8900
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Ross Allister / James Bavister / David McKeown
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Capital Market Communications Limited (Camarco)
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+44 (0) 20 3757 4997
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Gordon Poole / Owen Roberts / James Crothers
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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.
To view the associated document to this release, please click on the following link:
public://news_release_pdf/AngloPR09242018.pdf
To view the original release, please click here
Source: Anglo Pacific Group PLC (LSE:APF, TSX:APY, OTC Bulletin Board:AGPIF, FWB:HGR)
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