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Tharisa PLC - Cyprus-headquartered platinum miner - Signs a debt facility worth $130 million with Absa Group Ltd subsidiary Absa Bank Ltd, and Standard Bank Group Ltd company, the Standard Bank of South Africa Ltd, as part of its debt capital programme. The facility comprises a four-year term loan of $80 million and a R 900 million, around $50 million, revolving credit facility. Says the funds will be utilised for prepaying the balance on the existing term loan and revolving credit facility, general corporate and working purposes and investing in the sustainability of the Tharisa mine. ‘We are pleased to have successfully executed the debt facilities agreement, an important milestone in strengthening our capital structure and positioning the Tharisa mine for long-term sustainable growth, as we transition to underground mining,’ says Chief Financial Officer Michael Jones. ‘The enhanced balance sheet reinforces our commitment to prudent financial management and value creation for shareholders. Current stock price in Johannesburg: R 22.22 12-month change: up 37% Current stock price in London: 97.10 pence, closed down 0.9% on Tuesday 12-month change: up 38% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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