IN BRIEF: Tharisa enhances balance sheet with USD130 million facility
Tharisa PLC - Cyprus-headquartered platinum miner - Signs a debt facility worth USD130 million with Absa Group Ltd subsidiary Absa Bank Ltd, and Standard Bank Group Ltd company, the Standard Bank of South Africa Ltd, as part of its debt capital programme. The facility comprises a four-year term loan of USD80 million and a ZAR900 million, around USD50 million, revolving credit facility. Says the funds will be utilised for prepaying the balance on the existing term loan and revolving credit facility, general corporate and working purposes and investing in the sustainability of the Tharisa mine. Read More