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NCIB and Paladin Energy arrange a USD150 million senior debt funding package
Nedbank Corporate and Investment Banking partners with Paladin Energy Limited
Nedbank Corporate and Investment Banking successfully arranged a syndicated USD150 million funding package as the Sole Mandated Lead Arranger and Bookrunner for Paladin Energy Limited to support the restart of its flagship Langer Heinrich Uranium Mine in Namibia. Paladin Energy is an ASX 200 listed uranium company headquartered in Perth, Western Australia.
The deal consists of a USD100 million 5-year term loan and a USD50 million 3-year revolving credit facility with 2 one-year tenor extension options. The facilities will ensure there is sufficient working capital to support the commencement of operations.
The successful execution of the transaction demonstrates our strong technical ability to structure and execute complex financing solutions across multiple jurisdictions.
Through our long-standing, deep relationship with Paladin Energy, we have been able to support Paladin Energy in this transaction and are proud to have supported the company to achieve commercial production at the Langer Heinrich Uranium Mine in Namibia.
Nedbank’s global mining finance credentials allow us also to access and arrange additional liquidity for our clients from other financial institutions. The technical expertise and experience within the team underpin our ability to provide structured solutions across commodities and mine development phases, from Greenfields project finance to large corporate facilities.
Quotes by spokespeople
“Given our long-standing, deep relationships with our clients, we support mining companies through their various development cycles using bespoke structured financing solutions. We have had a trusted partnership with Paladin Energy for many years and most recently have supported them in the restart of the Langer Heinrich Uranium mine which achieved commercial production in March 2024.”
Cathy Nader: Principal: Mining & Resources
“Our success is underpinned by our ability to structure complex financing solutions in an efficient manner for our clients across various jurisdictions. In our partnership with Paladin Energy, spanning over a decade, we are pleased to have supported Paladin Energy in the restart of the Langer Heinrich Uranium Mine in Namibia . We proudly hold a major footprint in international mining finance markets and throughout Africa.”
Nivaash Singh: Co-Head: Mining & Resources
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Published 17 May 2024 in nedbank:cib/deals
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