Regis repays A$300m term loan ahead of schedule
Midtier gold miner Regis Resources has announced the early and full repayment of its A$300-million syndicated loan facility, originally scheduled to mature on June 30.
The company used its existing cash reserves to settle the loan, citing its robust financial position and strategic capital management approach.
At the end of December 2024, Regis held a cash and bullion balance of A$529-million. The strong financial standing, combined with anticipated cash generation and a desire to avoid potential interest costs, prompted the decision to repay the loan ahead of its maturity date.
Regis is also in negotiations to establish a revolving credit facility, which will provide additional financial flexibility and liquidity. The miner expects to finalise negotiations for the facility in the coming weeks.
“The early repayment of our A$300-million loan facility has been enabled by the consistent delivery of our plan over an extended period, resulting in a very strong cash and bullion position. We continue to work to finalise the establishment of a revolving credit facility, which is a cost effective and prudent capital management outcome that will provide the company with sufficient flexibility and liquidity to pursue our organic and inorganic growth objectives,” commented Regis CFO Anthony Rechichi.
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