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Westgold Resources Limited (ASX:WGX)

ALERT: Price-sensitive ASX Announcement for WGX
Current share price for WGX : $4.760 -1.64 (-25.63%)+
Announcement
Release
12 Mar 2026 9:25AM
Price at Release
$6.400
Full Release
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Summary
Westgold Resources Limited announced the establishment of a new $600 million unsecured syndicated loan facility to enhance its balance sheet flexibility. The facility comprises revolving financing provided by five major lenders: Commonwealth Bank of Australia, Oversea-Chinese Banking Corporation, RBC Capital Markets, Société Generale, and Westpac Banking Corporation. This 5-year facility, which replaces previous facilities, is designed to provide Westgold with strategic, long-dated, and cost-effective liquidity without mandatory hedging or cash sweep requirements. With this facility, Westgold aims to ensure continued investment and expansion, increasing its available liquidity to over $1.2 billion.
Key Points
  • Westgold establishes $600M unsecured syndicated loan facility.
  • Lenders include CBA, OCBC, RBC, SG, and WBC.
  • 5-year maturity with three tranches maturing in 3, 4, and 5 years.
  • No mandatory hedging or cash sweep requirements.
  • Facility enhances financial flexibility and supports growth strategy.
  • Argonaut Corporate Finance acted as financial adviser.
  • Facilities replace previous ones and are long-dated and cost-effective.
  • Increases available liquidity to over $1.2 billion by 2025 year-end.
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.