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Mar 12 - 10:55 PM

Copper - ASX-Listed MAC Copper Climbs To 1-Week High On Revised Balance Sheet

By Kumar Tanishk  —  Mar 12 - 08:36 PM

• Shares of ASX-listed MAC Copper rise 1.6% to A$16.53, their highest levels since March 6

• The Jersey-based co says it amended debt, simplified balance sheet via early repayment of Sprott mezzanine facility

• Adds that it replaced old debt with upsized $125 million, revolving credit facility until 2028 and $45 million environmental bond

• Expects to save ~$14 million annually in interest cash via new facilities - MAC

• Stock down 3.3% YTD, including current session's moves


(Reporting by Kumar Tanishk in Bengaluru)

((; X: @thatstanishk;))

Source:
London Stock Exchange Group | Thomson Reuters

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