HSF Kramer and Mallesons have advised on the new AUD500 million (USD353 million) revolving debt facility for Australian gold and copper producer Greatland Resources (Greatland).
The facility replaces Greatland’s previous AUD100 million revolving debt facility and does not include any mandatory hedging requirements.
HSF Kramer advised the lender syndicate, comprising Australia and New Zealand Banking Group, ING Bank, HSBC, National Australia Bank and Westpac Banking Corporation. Perth-based partner Andrew McLean led the team.
Greatland owns and operates the Telfer gold-copper mine and the Havieron gold-copper development project, both located in the Paterson region of Western Australia. The new facility fully funds the development of the Havieron project.
“We acted for the bank group on the facilities supporting the acquisition of Telfer and the remaining 70% interest in the Havieron project in 2024, which is now refinanced by this significantly larger facility, which will support the development of Havieron. It’s been fantastic to be part of the incredible growth story of Greatland, and to see it reach the milestone of the FID [final investment decision] on Havieron,” McLean told Asia Business Law Journal.
Mallesons advised Greatland on the new facility, with banking and finance partner Peixin Truong leading the team.
