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Alkane Executes $110 Million Revolving Credit Facility
Alkane’s A$150 million credit facility includes a A$110 million revolving credit and A$40 million contingent instrument, enhancing liquidity and banking partnerships.
- On Sunday, March 29, 2026, Alkane Resources Limited executed a A$150 million syndicated credit facility with ANZ, Commonwealth Bank, Macquarie Bank Limited, and Westpac Banking Corporation.
- The agreement comprises a A$110 million revolving credit facility and a A$40 million contingent instrument facility, designed to broaden banking relationships and enhance corporate liquidity for Alkane.
- Alkane's A$40 million contingent instrument facility will release cash currently backing performance guarantees, providing additional operational flexibility across the business.
- Advisors Bedrock Credit, Gilbert, and Tobin supported the three-year facility, which includes extension options and standard financial covenants including interest cover and net leverage ratios.
- Alkane Managing Director Nic Earner noted the company remains well-funded, reporting A$232 million in cash and bullion as of December 2025 to support organic growth.
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Alkane Executes $110 Million Revolving Credit Facility
PERTH, Australia, March 29, 2026 (GLOBE NEWSWIRE) -- Alkane Resources Limited (ASX: ALK, TSX: ALK, OTCQX: ALKRY) (‘Alkane’) is pleased to announce that it has executed an A$110 million Revolving Credit Facility (“RCF”) and A$40 million Contingent Instrument Facility (“CIF”).
·Niagara Falls, Canada
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Leaning Left7Leaning Right2Center0Last UpdatedBias Distribution78% Left
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- 78% of the sources lean Left
78% Left
L 78%
R 22%
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