Investor Presentaiton
Sources and Uses
IGO intends to fund the Transaction using debt of A$900M and existing cash
IGO's funding sources
IGO intends to fund the Transaction through a combination of:
Restructuring IGO's existing A$450M amortising facility into a new
senior secured debt facility (Facilities) of A$900M underwritten by
ANZ, CBA and NAB; and
Cash of A$271.9M sourced from IGO's existing cash reserves of
A$552M (as at 30 September 2021)
Transaction costs include estimated stamp duty, due diligence,
adviser and finance costs
Details of the Facilities include:
-
Seven semi-annual repayments of Facility A commencing June
2022 and ending 30 April 2025
Bullet repayment of Facility B on 30 April 2025
Competitive finance costs and terms that are customary of facilities of
this nature
Sources
IGO cash
New IGO debt facilities
Sources and Uses
Tenor (yrs)
A$M
271.9
Facility A- Amortising facility
3
540.0
Facility B-Revolver
3
360.0
Total sources
Uses
Purchase consideration
900.0
1,171.9
A$M
1,096.1
Transaction costs
Total uses
75.7
1.171.9
igo
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