Paringa Closes US$56 Million Debt Refinancing and Completes First Drawdown

May 01, 2019

Paringa has achieved financial close for its US$56 million debt facility from Tribeca, and the first US$40 million tranche of the facility has been drawn
Paringa's existing US$21.7 million debt facility with Macquarie Bank has been repaid in full
The balance of funds will be deployed to accelerate expansion of the 3rd mining unit and provide additional working capital
Paringa commenced mining at Poplar Grove in Q1 2019, with first coal delivered to LG&E and KU last week (refer to announcement on April 29, 2019)
Production ramp-up is continuing, with full capacity of 2.8 Mtpa targeted in 2020

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