Edition:
India

Northam Platinum Secures R1 Billion Of Additional Funding Facilities


Friday, 31 May 2019 

May 31 (Reuters) - Northam Platinum Ltd ::NORTHAM SECURES R1 BILLION OF ADDITIONAL FUNDING FACILITIES.HAS INCREASED ITS EXISTING REVOLVING CREDIT FACILITIES BY R500 MILLION, FROM R3 BILLION TO R3.5 BILLION.MATURITY DATE OF NORTHAM'S EXISTING R1 BILLION RCF HAS BEEN EXTENDED TO MATCH THAT OF ITS EXISTING R2 BILLION RCF.FUNDING FLEXIBILITY TO ENABLE FURTHER RETURN VALUE TO SHAREHOLDERS THROUGH SHARE BUYBACK &/OR PURCHASE OF ZAMBEZI PREFERENCE SHARES. 

Company Quote

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-66.0 -1.15%
16 Aug 2019