debt
confidence high
sentiment neutral
materiality 0.55
Tamboran Resources subsidiary enters A$35M performance bond facility with Macquarie Bank
Tamboran Resources Corp
- Facility A provides A$25M in letters of credit/guarantees; two additional A$5M tranches (B/C) subject to capital raises of at least A$62.5M and A$75M.
- Facilities terminate December 19, 2027; commitment fee 4% p.a. on undrawn portion; establishment fee 2% of aggregate; utilization fee 10% of amounts funded.
- Parent Tamboran Resources Corp. provides unconditional guarantee; any overdue amounts bear default interest at 12% p.a.
- Proceeds support ongoing development activities in the Beetaloo Basin, including APA Development Agreement obligations.