Regis Resources (ASX:RRL) has fully repaid its AU$300 million syndicated loan ahead of its June 2025 maturity, using cash reserves, according to a Thursday filing with the Australian bourse.
The company opted for early repayment due to its cash and bullion position of AU$529 million at the end of Dec. 2024, potential interest costs of retaining the loan till maturity, forecasted cash generation, and capital needs, the filing said.
The early repayment avoids interest costs and carries no significant penalty, the filing added.
The company is also nearing completion of negotiations for a revolving credit facility to provide additional flexibility and liquidity, the filing added.
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