Nov 26 (Reuters) - New Hope Corporation Ltd (NHC) :
- REACHES BINDING COMMITMENT WITH TAIPOWER FOR BENGALLA JV
- TAIPOWER WILL ACQUIRE A FURTHER 10% INTEREST IN BENGALLA JV , BY PARTICIPATING IN SALE BY WESFARMERS OF ITS 40% JV INTEREST
- MITSUI, ALSO AN EXISTING PARTICIPANT IN BENGALLA JV, WAIVED ITS PRE-EMPTIVE RIGHT IN RESPECT OF WESFARMERS TRANSACTION
- REACHES BINDING COMMITMENT WITH MITSUI TO PURCHASE ITS 10 PERCENT INTEREST IN BENGALLA JV FOR A$215 MILLION
- TO FUND ACQUISITIONS OF BOTH WESFARMERS' & MITSUI'S STAKE IN BENGALLA, CO ENTERS A$600 MILLION SYNDICATED CORPORATE DEBT FACILITY
- TO FUND ACQUISITIONS, CO ALSO ENTERS A$300 MILLION FACILITY FOR PERFORMANCE BONDS, LETTERS OF CREDIT & OTHER LIKE CONTINGENT INSTRUMENTS
