Catalyst Metals Doubles Size of Undrawn Revolving Credit Facility to AU$200 Million

MT Newswires Live08:22

Catalyst Metals (ASX:CYL) doubled the size of its undrawn revolving credit facility to AU$200 million, with HSBC joining existing lenders Westpac Banking (ASX:WBC, NZE:WBC), National Australia Bank (ASX:NAB), and Societe Generale in the syndicate, according to a Friday filing with the Australian bourse.

The company also increased the facility's tenor to four years from three years, per the filing.

Hedging was provided by Westpac and National Australia Bank under the previous facility, with the new facility adding HSBC as a provider, the company said.

Catalyst Metals held cash and bullion of AU$331 million at the end of June, and the new facility gives it a total of AU$531 million in available liquidity.

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