Thiess successfully extends debt facilities for another three years

We have successfully refinanced our existing senior debt facilities of $2.5 billion for a three-year term, maturing in January 2028, consisting of a revolving corporate facility and syndicated term loan.

The transaction was well supported and over-subscribed, with the strong support of existing lenders as well as diversifying the global mining services provider’s banking relationships with multiple new partners.

Thiess Group Chief Financial Officer Craig Morton said: “The strong demand from banking partners demonstrates their confidence in Thiess and our ongoing implementation of our diversification and decarbonisation strategies.

“These include the acquisition of underground metals mining specialist PYBAR, securing our first Canadian project since re-entering the country – Stobie Open Pit Mining, positive progress at our Thiess Rebuild Centre on Batam Island, and efforts to advance decarbonisation across our business.

“We thank our banking partners, both current and new, for their support. We look forward to working with them, as Thiess continues to diversify our global business in accordance with our strategy.”