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

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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: [phone] Email: [e-mail]34T Web: 34Twww.rml.com.au34T

Berenberg (UK Corporate Broker) Matthew Armitt / Detlir Elezi Telephone: [phone] Tavistock (UK Public Relations) Jos Simson / Oliver Lamb Telephone: [phone] Email: [e-mail]34T   FTI Consulting (Australian media) Cameron Morse / James Tranter Telephone: [phone] Email: [e-mail]34T

Authorised by Mr Stuart Gale, Chief Executive Officer

 

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