• Whitehaven enters new US$600 million syndicated facility
• Facility includes US$475 million term loan and US$125 million revolving credit
• Facility extends debt maturity, reduces funding cost, and provides additional flexibility

Whitehaven Coal Limited (ASX:WHC) has announced that it has entered into a new US$600 million senior secured syndicated facility with a tenor of 4.5 years. The facility consists of a US$475 million term loan and a US$125 million revolving credit facility. Whitehaven has also received bank credit approvals for an additional US$150 million and may upsize this facility as part of the Company's current refinancing process. The new facility was well supported by lenders, reflecting confidence in Whitehaven's strong credit profile, disciplined financial management, and long-term strategy. The facility further enhances Whitehaven's liquidity position, extends its debt maturity profile, reduces its funding cost, and provides additional flexibility to support the Company's operations and capital management objectives. The facility will be used to repay a portion of Whitehaven's existing US$1.1 billion acquisition term loan facility and replace its existing US$100 million general corporate purpose revolving credit facility. Completion of the facility is subject to customary closing conditions.

Whitehaven is focused on refinancing its acquisition credit facility and establishing a capital structure with more diverse, longer tenor and lower cost debt facilities. The successful execution of the new senior secured syndicated facility, with a headline rate of around 6%, further strengthens the company's funding flexibility, extends its maturity profile, materially reduces its funding cost, and improves its weighted average cost of capital.