Westgold strenghtens balance sheet flexibility with A$600m revolving credit facility
ASX- and TSX-listed gold producer Westgold Resources has secured A$600-million in new revolving credit facilities, strengthening its balance sheet and increasing financial flexibility as it advances its growth plans.
The new five-year syndicated financing replaces its previous debt facilities and provides unrestricted access to A$600-million in undrawn funding for general corporate purposes.
The facilities are unsecured and carry no mandatory hedging, amortisation or cash sweep requirements.
The lending syndicate comprises Commonwealth Bank of Australia, Oversea-Chinese Banking Corporation, RBC Capital Markets, Société Générale and Westpac Banking Corporation.
The financing package consists of three tranches with maturities of three, four and five years.
MD and CEO Wayne Bramwell said the company had secured the funding despite not requiring additional capital at present.
“While Westgold does not require additional funding today, securing long-dated, unsecured and cost-effective liquidity now is strategic and ensures we can continue to invest and expand our business with confidence.”
He added that the facilities strengthened the company’s financial position and created greater optionality as it progressed its growth strategy.
Westgold reported treasury holdings of more than $600-million at the end of 2025, meaning the new facilities will increase available liquidity to more than $1.2-billion.
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