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Whitehaven Coal secures refinancing for A$1.2B loan facility

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Whitehaven Coal secures refinancing for A$1.2B loan facility

Whitehaven Coal Ltd. refinanced its senior bank facility and now has a A$1.0 billion drawable line of credit and A$200 million of bank guarantee capacity.

The facility, secured from a syndicate of Australian and international banks, will mature in July 2021, according to an Aug. 8 release.

The company noted that the facility is on terms more favorable than the previous one and was oversubscribed.