Tamboran Resources enters into A$179.8M syndicated facility for SPCF development

Tamboran Resources Corp

Facility of up to A$179.8M split into three tranches for Sturt Plateau Compression Facility development.
Northern Territory Government provides A$75M guarantee for Tranches 1A/1B; Tamboran and subsidiaries also guarantee.
Guarantees from Formentera Australia Fund LP for Tranche 2.
Interest margins: 8% (Tranche 1 pre-release), 12% (Tranche 2), then 8% after release; commitment fee 40% of margin on undrawn.
Facility terminates 4 years after financial close; prepayment premium within first 24 months.

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