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Deterra Royalties refinances funding facility
Royalty investment company Deterra Royalties has been advised on the increase of its credit limit to $350 million.
Lauren Croft
Firm: Ashurst (Deterra Royalties)
Value: $350 million
Area: Finance
Key players: The Ashurst team was led by Perth office managing partner Gaelan Cooney, assisted by associates Brian Roduner and Dominique Roth.
Deal significance: Deterra Royalties Limited is Australia’s leading listed royalty investment company. Its principal activity is the management and growth of a portfolio of royalty assets across a range of commodities focused on bulks, base and battery metals.
The increase in Deterra Royalties Limited’s credit limit (from $40 million to $350 million) allows it to act flexibly on value accretive acquisitions.
Lauren Croft
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
