WHC 0.26% $7.65 whitehaven coal limited

I know this particular forum seems mostly about Climate Change...

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    I know this particular forum seems mostly about Climate Change ;-)... but there's an interesting WHC story in the AFR today.

    Can't paste it here, but basically the "Street Talk" is that there's $900m of the acquisition debt covered at a 6% margin. Backers were Ares, Canyon Partners and Farallon Capital. That would be a great result as it's a bigger $ number at a lessor % spread than had been mentioned around the time of the acquisition. No mention of equity either.

    Our dream-team of Aussie Banks and Super Funds seemed to have dealt themselves out of these sort of deals in their pursuit of ESG. Absolute madness. But that's a different story.
    Last edited by mrriesq: 15/01/24
 
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