Just catching up after checking out over the Christmas break. The issuance of credit has begun...the parts about two subsequent cash raises also outline the nearer future. Looks like part of the share price response was driven by this given the timing.
The 8-K filing itself provides detailed information about the Performance Bond Facility Agreement: The agreement was entered into on December 19, 2024, between Tamboran's subsidiaries and Macquarie Bank Limited.
It establishes three performance guarantee facilities with an aggregate commitment of A$35.0 million.
The facilities include Facility A (A$25.0 million), Facility B (A$5.0 million), and Facility C (A$5.0 million).
The agreement includes terms such as a termination date of December 19, 2027, a quarterly commitment fee of 4.0% per annum, and an establishment fee of 2.0% of aggregate commitments.
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