US$30 million voluntary debt repayment

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

`

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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