trending Market Intelligence /marketintelligence/en/news-insights/trending/L_TGcV8jIruwVTKz9lvXMA2 content esgSubNav
In This List

Walkabout to raise A$40M through loan notes for Lindi Jumbo graphite project

Blog

Insight Weekly: Private equity slows; SPAC underwriters retreat; carbon capture boost

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms

Blog

Insight Weekly: US stocks hit grim milestone; top European banks tumble; TMT IPOs plunge


Walkabout to raise A$40M through loan notes for Lindi Jumbo graphite project

Walkabout Resources Ltd. said Oct. 25 that it has launched a secured loan note issue in the international capital markets to raise US$40 million for the Lindi Jumbo graphite project in Tanzania.

The notes will be U.S. dollar-denominated and will be senior secured obligations of the company, with a five-year term, unless earlier repurchased or redeemed, and bearing interest payable quarterly in arrears.

The company has engaged investment bank Pareto Securities to advise on procuring the development funding for the project.

On Oct. 9, the company said that it has secured a A$5 million short-term bridging debt facility from unrelated shareholders and a director, to fund operating and development costs for the project.