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Kingsgate Consolidated Limited ( (AU:KCN) ) has provided an announcement.
Kingsgate Consolidated has executed a new US$25 million standby loan facility with Nebari Natural Resources Credit Fund II and affiliated entities, having satisfied all conditions precedent and concurrently repaid its existing loan. The company immediately drew down US$10 million under the new facility, reducing total borrowings from approximately A$47 million to about A$15 million—a 68% cut—and positioning its balance sheet with lower gearing while preserving funding flexibility for future operational and corporate plans.
The most recent analyst rating on (AU:KCN) stock is a Hold with a A$6.00 price target. To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock, see the AU:KCN Stock Forecast page.
More about Kingsgate Consolidated Limited
Kingsgate Consolidated Limited (ASX: KCN) is an Australian-listed resources company active in the natural resources sector, with operations and projects that require significant capital funding and balance sheet management to support ongoing operational and corporate initiatives.
Average Trading Volume: 1,772,828
Technical Sentiment Signal: Buy
Current Market Cap: A$1.52B
Learn more about KCN stock on TipRanks’ Stock Analysis page.