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Nickel Industries Limited (ASX:NIC)

ALERT: Price-sensitive ASX Announcement for NIC
Current share price for NIC : $0.815 0.1 (13.99%)+
Announcement
Release
25 Sep 2025 9:51AM
Price at Release
$0.715
Full Release
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Summary
Nickel Industries Limited announced the completion of a US$800 million issuance of senior unsecured notes with a 9.0% coupon rate, maturing in 2030. This financial maneuver extends the company's debt maturity profile, reduces the cost of debt, and contributes to repaying existing amortising loans. The notes, set to be listed on the Singapore Exchange, received notable global investor support, underscoring international confidence in the company's growth trajectory.
Key Points
  • Nickel Industries Limited completed a US$800 million issuance of senior unsecured notes.
  • The notes have a coupon of 9.0% and mature in 2030.
  • The issuance extends the company's debt maturity profile and reduces the cost of debt.
  • Proceeds from the notes will also be used to repay existing amortising bank loans.
  • The notes will be listed on the Singapore Exchange.
  • The issuance reflects strong support from global investors, particularly from North America and Europe.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.