Mallesons has advised Greatland Resources Limited (Greatland) on its new A$500 million revolving debt facilities. The debt facilities replace Greatland’s previous A$100 million revolving debt facilities and have no mandatory hedging requirements.
The lender group is a Tier 1 lending syndicate comprised of Australia and New Zealand Banking Group Limited, ING Bank, The Hongkong and Shanghai Banking Corporation Limited, National Australia Bank Limited and Westpac Banking Corporation.
Greatland is a leading Australian gold-copper producer that owns and operates the Telfer gold-copper mine and adjacent world-class brownfield Havieron gold-copper development project, both in the Paterson region of Western Australia.
With the new facilities in place, Greatland is now fully funded to develop the Havieron gold-copper project, positioning the company to deliver a multi-decade, world-class gold-copper mining hub in the Paterson province.
The Mallesons team was led by Banking & Finance Partner Peixin Truong, supported by Senior Associates Rebecca McCrory and Emily Bradley and Solicitor Michael Garbellini.
Commenting on the transaction, Peixin Truong said:
“We congratulate Greatland on the execution of the new debt facilities, which enables Greatland to be fully funded to develop the Havieron project. We are proud to have advised Greatland, a company already recognised as one of Australia’s leading gold and copper producers.”
This transaction builds on Mallesons’ outstanding resources finance capability and experience.
