Ann: Whitehaven refinances acquisition bridge facility, page-2

Nice one, another hurdle ticked - Div's reinstated for y/e (legacy business only) ...

ASX ANNOUNCEMENT
18 December 2023
Whitehaven Coal Limited ABN 68 124 425 396
Level 28, 259 George Street, Sydney NSW 2000 | 02 8222 1100 | [email protected] | www.whitehavencoal.com.au
Whitehaven refinances acquisition bridge facility
Whitehaven Coal (ASX: WHC) has agreed terms with a range of senior financiers to provide a 5 year credit facility
of US$1,100 million.
As planned, this facility will refinance the US$900 million acquisition bridge announced on 18 October at the time
Whitehaven agreed to acquire 100% of the Daunia and Blackwater metallurgical coal mines from BMA.
Paul Flynn, Managing Director and CEO, said:
“We are pleased with the strong level of support we have received from a wide range of financiers. As a result of
the strong support, we have modestly increased the size of the facility to provide additional liquidity.
“We are well-placed to maintain an appropriately geared and robust balance sheet. We will continue to use our
disciplined capital allocation framework to responsibly grow the business and optimise returns for our
shareholders.”
Customary long form documentation is expected to be completed early in calendar year 2024.