Nice one! I didn't think the would refinance the subordinated debt into the new RBL facility but great they have done this. What a great sign of support from the banks. Halving the composite funding rate is a great achievement and surely couldn't have been done without the increased reserves from the (bargain) Maari-Todd purchase. Although LIBOR continues to rise, it's a still a great rate.
Currently generating net cashflow of c$40m - $50m USD, the maturity of July 2022 will provide sufficient opportunity for the HZN to pay down the principal, expand Beibu, invest in Maari and of course advance PNG (provided PDL10 issue gets resolved...).
Ann: HZN Refinancing Arrangements, page-4
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $300.6M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.5¢ | $209.0K | 1.108M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 1228333 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 293291 | 7 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| HZN (ASX) Chart |
