12th Nov 2025 08:02
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.
"We are pleased to have successfully executed the debt facilities agreement, an important milestone in strengthening our capital structure and positioning the Tharisa mine for long-term sustainable growth, as we transition to underground mining," says Chief Financial Officer Michael Jones.
"The enhanced balance sheet reinforces our commitment to prudent financial management and value creation for shareholders.
Current stock price in Johannesburg: ZAR22.22
12-month change: up 37%
Current stock price in London: 97.10 pence, closed down 0.9% on Tuesday
12-month change: up 38%
By Christopher Ward, Alliance News reporter
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