Thiess has successfully upsized the A$900m syndicated term loan that was secured in December 2022 to A$1.5bn, introducing new global partners with market leading capabilities into the syndicate.
Thiess has diversified its existing banking relationships and has demonstrated tangible steps towards its diversification targets – completing its acquisition of MACA in October 2022 and securing a number of organic minerals and metals project wins, including its first nickel contract in Indonesia in March 2023.
The upsized facility further refinances part of its existing debt facilities and continues Thiess’ commitment to a capital structure commensurate with an investment grade credit profile.
Thiess Chief Financial Officer Craig Morton said: “We thank our mandated lead arranger banks and new financiers for their support. We look forward to working with them, as Thiess continues to deliver strong operating performance and diversify our business in accordance with our strategy.”
