Login
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)
To continue reading the rest of this article, please log in.
Create a free account to get unlimited news articles and more!
Deal: Ashurst has advised Deterra Royalties Limited on the refinancing of its existing facility to fund working capital and general corporate purposes, in a deal worth $350 million.
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.
