Westgold Resources Limited (ASX: WGX) – $600m Revolving Debt Facilities

Argonaut acted as Financial Advisor to Westgold on the establishment of the new corporate debt facilities.

The facilities provide Westgold with access to A$600 million of unsecured, revolving funding, increasing balance sheet flexibility and bringing total available liquidity to over A$1.2 billion. The facilities include no amortisation, hedging or cash sweep requirements.

The syndicate comprises a group of Tier-1 financiers, including Commonwealth Bank of Australia, Oversea-Chinese Banking Corporation (OCBC), RBC Capital Markets, Société Générale and Westpac Banking Corporation.

Congratulations to Managing Director and CEO Wayne Bramwell, Chief Financial Officer Tommy Heng and the Westgold team on the successful completion of the transaction. Argonaut’s advisory team was led by Graeme Testar, Bryce Denysiuk and Elle Cate.

For more information, visit the Westgold website here.