15
Dec
03:29
Yancoal Australia to prepay $459m debt
Australia-listed coal miner Yancoal Australia intends to fully repay its syndicated facility and related party loans, with an early debt repayment of $459 million from available cash, on or around 16 December, Kallanish notes.
According to the firm, the prepayments deliver an approximate $91m reduction in total finance cost over the loan periods.
After completing the prepayment, Yancoal’s only remaining loan is a $333m syndicated term loan, of which $301m …
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