EMAS – Securing USD150 mn syndicated loan facility

EMAS – Securing USD150 mn syndicated loan facility Merdeka Gold Resources (EMAS) has secured USD150 mn syndicated loan agreement with five major banks (BBCA, BNGA, BDMN, BMAS, and Kasikornbank) on 10 Apr '26. The 12-month facility carries an interest rate of 2% margin + compounded reference rate and will mature on 10 Apr '27. The transaction is considered material, representing 39.38% of FY25 total equity USD380.8 mn. The company stated that the loan is unsecured (no asset collateral) but subject to certain covenants, including restrictions on specific asset disposals. EMAS plans to utilize the loan proceeds for strategic group needs (capital expenditure, intra-group financing, and working capital). This credit facility is not expected to have a material negative impact on EMAS' financial condition and will likely improve the company's funding flexibility and liquidity. (Source : Kontan)