Westgold Strengthens Balance Sheet Flexibility

About this update from Oversea-chinese Banking Corporation Limited

[{"type":"text","content":"New $600M Unsecured Syndicated Facilities Established","length":53,"tagName":"p","attribs":{}},{"type":"text","content":"PERTH, Western Australia, March 12, 2026 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) – Westgold or the Company) is pleased to announce that it has executed syndicated loan documentation in respect of A$600M of revolving financing facilities. The facilities will be provided by 5 Australian and international lenders.","length":329,"tagName":"p"},{"type":"text","content":"The new 5-year facility strengthens the Company's balance sheet by providing unrestricted access to $600M of undrawn facilities that may be utilised for general corporate purposes. It replaces the Company's previous facilities and importantly, is unsecured and has no mandatory hedging or cash sweep requirements.","length":321,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"text","content":"$600M of revolving facilities established with Tier 1 lenders","length":61,"tagName":"p"},{"type":"text","content":"The 5-member lending syndicate includes:","length":40,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Commonwealth Bank of Australia (CBA)","length":36,"tagName":"p"}]},{"val":[{"type":"text","content":"Oversea- Chinese Banking Corporation (OCBC)","length":43,"tagName":"p"}]},{"val":[{"type":"text","content":"RBC Capital Markets (RBC)","length":25,"tagName":"p"}]},{"val":[{"type":"text","content":"Société Generale (SG)","length":21,"tagName":"p"}]},{"val":[{"type":"text","content":"Westpac Banking Corporation (WBC)","length":33,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":158,"olType":false},{"type":"text","content":"Revolving facilities are unsecured ","length":34,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"The facilities comprise three separate tranches maturing in 3, 4 and 5 years","length":76,"tagName":"p"}]},{"val":[{"type":"text","content":"No mandatory hedging requirement","length":32,"tagName":"p"}]},{"val":[{"type":"text","content":"No amortisation or sweep requirements over the facilities","length":62,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":170,"olType":false},{"type":"text","content":"Argonaut Corporate Finance acted as financial adviser to Westgold.","length":66,"tagName":"p"},...

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