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News: TZN Terramin Australia Says Unit Entered Agreement With Major Shareholder To Restructure Its...

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    25/07/22
    11:25
    Post #: 62708032

    July 25 (Reuters) - Terramin Australia Ltd (TZN) :

    • FINANCE FACILITY UPDATE-TZN.AX
    • UNIT ENTERED INTO AN AGREEMENT WITH MAJOR SHAREHOLDER TO RESTRUCTURE ITS STANDBY TERM FACILITY
    • EXISTING SECURED FACILITY HAS BEEN INCREASED TO A$21.2 MILLION ON SIMILAR TERMS
    • ASIPAC HAS AGREED TO INCREASE ITS TOTAL DEBT FACILITY TO A$27.2 MILLION
    • TERRAMIN AND TEX HAVE ENTERED INTO AN AGREEMENT WITH ASIPAC TO EXTEND TERM OF ITS FACILITY AGREEMENTS
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