Westgold Strengthens Balance Sheet Flexibility
| Stock | Westgold Resources Ltd (WGX.ASX) |
|---|---|
| Release Time | 12 Mar 2026, 9:25 a.m. |
| Price Sensitive | Yes |
Westgold Strengthens Balance Sheet Flexibility
- Secured $600M in unsecured revolving facilities from 5 major lenders
- Facilities have no mandatory hedging or cash sweep requirements
- Enhances financial flexibility and balance sheet resilience
Westgold Resources Limited (ASX/TSX: WGX) has executed syndicated loan documentation for A$600M of revolving financing facilities. The facilities will be provided by 5 Australian and international lenders: Commonwealth Bank of Australia (CBA), Oversea-Chinese Banking Corporation (OCBC), RBC Capital Markets (RBC), Société Générale (SG), and Westpac Banking Corporation (WBC). The new 5-year facility replaces the company's previous facilities and is unsecured, with no mandatory hedging or cash sweep requirements. This strengthens Westgold's balance sheet by providing unrestricted access to $600M of undrawn facilities that can be utilized for general corporate purposes. With the company's treasury at over $600M at the end of 2025, these new facilities will boost Westgold's available liquidity to over $1.2B, enhancing its financial flexibility and balance sheet resilience as it advances its growth strategy.