Latest Debt Reduction News

Focus Minerals has completed the sale of its Laverton Gold Project to Genesis Minerals for A$250 million in cash, marking a significant shift in its asset portfolio. The company now turns its attention to optimising operations at its Coolgardie Gold Project.

National Storage REIT has partnered with GIC to invest $228 million in a second tranche of self-storage development assets, reaffirming its FY25 earnings guidance and strategic growth plans.

James Hardie Industries has successfully syndicated $3.5 billion in new credit facilities, providing robust financial backing for its planned merger with The AZEK Company Inc. This move significantly reduces prior bridge loan commitments and enhances the company’s financial flexibility.

Way2VAT Ltd has successfully raised A$2 million through a discounted share placement, aiming to bolster working capital and reduce short-term debt as it capitalises on recent client wins.

Perpetual Limited has successfully refinanced its syndicated debt facilities with improved terms, pushing out maturities and lowering its gross debt forecast for FY25.

IPD Group Limited forecasts a modest decline in earnings for FY25, even as revenue grows across key segments and cash flow remains robust.

Aspen Group has launched a $4 million Security Purchase Plan (SPP) at $2.90 per security, offering eligible investors a chance to buy new stapled securities without brokerage fees. This move follows a recent $70 million institutional placement aimed at strengthening the balance sheet for future acquisitions.

Metro Performance Glass reported a net loss for FY25 amid market softness but outlines a clear recovery plan with leadership changes and an equity raise to strengthen its position.

Kaiser Reef Limited has marked a milestone with a record-breaking first gold pour exceeding 1,200 ounces at the Henty Gold Mine, transforming the company into a multi-asset gold producer with annual output around 30,000 ounces.

Australian Vintage outlines a strategic turnaround with innovative product launches and a key acquisition, aiming to reverse declining sales and improve cash flow in FY2026.

EQ Resources Limited has had its trading suspension lifted immediately following the release of a capital raising announcement, signaling renewed market activity for the mining explorer.

EQ Resources Limited has successfully raised $18.8 million through a share placement, complemented by a $3 million Share Purchase Plan, to fund its tungsten mining projects and reduce debt.