ASX:KCNMetals and Mining
How Kingsgate’s 68% Debt Reduction and Cheaper Nebari Loan Will Impact Kingsgate Consolidated (ASX:KCN) Investors
Kingsgate Consolidated recently confirmed it has met all conditions to access a US$25 million loan facility from Nebari Natural Resources Credit Fund II and related entities, alongside securing lower interest rates and an extended loan maturity.
By cutting its borrowings by 68%, from A$47 million to A$15 million, Kingsgate has materially strengthened its balance sheet and expanded funding flexibility for future operational initiatives.
We’ll now examine how the reduced borrowings and...