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Deterra Royalties refinances funding facility

Royalty investment company Deterra Royalties has been advised on the increase of its credit limit to $350 million.

March 30, 2022 • By Lauren Croft
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Deterra Royalties refinances funding facility
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Firm: Ashurst (Deterra Royalties)

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Deal: Ashurst has advised Deterra Royalties Limited on the refinancing of its existing facility to fund working capital and general corporate purposes, in a deal worth $350 million.

 
 

Value: $350 million

Area: Finance

Key players: The Ashurst team was led by Perth office managing partner Gaelan Cooney, assisted by associates Brian Roduner and Dominique Roth.

Deal significance: Deterra Royalties Limited is Australia’s leading listed royalty investment company. Its principal activity is the management and growth of a portfolio of royalty assets across a range of commodities focused on bulks, base and battery metals.

The increase in Deterra Royalties Limited’s credit limit (from $40 million to $350 million) allows it to act flexibly on value accretive acquisitions.

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Lauren Croft

Lauren Croft

Author

Lauren is the commercial content writer within Momentum Media’s professional services suite, including Lawyers Weekly, Accountants Daily and HR Leader, focusing primarily on commercial and client content, features and ebooks. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications. Born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. 

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