Metro Mining Limited (AU:MMI) has released an update.
Metro Mining Limited has restructured its debt with Nebari Partners LLC, converting a private royalty into a new financing facility and reducing its coupon rate by 2% across its senior debt tranches. The deal, which includes an additional standby facility, minimizes immediate financial risks and lowers 2025 financing costs by $4 million while avoiding shareholder dilution. This strategic refinancing positions Metro favorably for its planned bauxite market expansion in 2025.
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