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Whitehaven Coal Limited (ASX:WHC)

ALERT: Price-sensitive ASX Announcement for WHC
Current share price for WHC : $7.550 -0.395 (-4.97%)+
Announcement
Release
10 Apr 2026 11:44AM
Price at Release
$7.945
Full Release
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Summary
Whitehaven Coal Limited has announced the securing of a new US$600 million senior secured syndicated facility. This facility, with a tenor of 4.5 years, consists of a US$475 million term loan and a US$125 million revolving credit facility. The funds will be used to refinance a portion of Whitehaven’s existing US$1.1 billion acquisition term loan facility and replace its US$100 million general corporate purpose revolving credit facility. The new facility is secured and reflects strong support from lenders, indicating confidence in Whitehaven’s strong credit profile and financial management. This move is aimed at enhancing liquidity, extending the debt maturity profile, and reducing funding costs, thus supporting the company’s operations and capital management objectives.
Key Points
  • US$600 million syndicated facility secured.
  • 4.5-year tenor with US$475 million term loan and US$125 million revolving credit facility.
  • Funds to refinance existing US$1.1 billion loan and replace US$100 million facility.
  • Strong support from lenders indicating confidence in financial management.
  • Enhances liquidity, extends debt maturity, and reduces funding costs.
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.