secwatch.observer — SEC 8-K summary
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Issuer:     Tamboran Resources Corp (TBN)
CIK:        0001997652
Form:       8-K
Filed at:   2024-12-31T23:59:59+00:00
Accession:  0001628280-24-052613
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tamboran Resources subsidiary enters A$35M performance bond facility with Macquarie Bank
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1997652/000162828024052613/0001628280-24-052613-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1997652/000162828024052613/trc-20241231.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-052613

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