Highlights
- Paladin Energy executed a syndicated debt facility restructure on 18 December 2025.
- Total debt capacity was reduced from USD 150m to USD 110m.
- Revised facility provides greater undrawn capacity and balance-sheet flexibility.
Paladin Energy Ltd (ASX:PDN) announced that it has executed a restructure of its syndicated debt facility with its lenders on 18 December 2025. Completion of the restructure is subject to the satisfaction of customary conditions.
The lenders involved in the restructured facility include Nedbank Limited, acting through its Corporate and Investment Banking division, Nedbank Namibia Limited, and Macquarie Bank. The debt facility was originally put in place in January 2024, prior to the recommencement of production at the Langer Heinrich Mine (LHM) and before Paladin’s acquisition of Fission Uranium Corp.
Lower Debt Capacity Aligned With Liquidity
Under the revised terms, the overall debt capacity has been reduced from USD 150m to USD 110m. The change reflects Paladin’s enhanced liquidity position following the completion of a AUD 300m equity raising and a AUD 100m Share Purchase Plan during 2025.
The restructure is intended to align the company’s debt profile with its current funding position while maintaining access to undrawn debt capacity. The revised structure also reflects Paladin’s progression as a uranium producer as it continues the ramp-up of operations at the LHM.
Updated Facility Structure
The restructured USD 110m debt facility comprises two components. The first is a Term Loan Facility of USD 40m, compared with a balance of USD 79.8m as at 30 September. This facility is scheduled to mature on 28 February 2029 and is expected to reduce costs associated with the existing debt portfolio.
The second component is an undrawn Revolving Credit Facility of USD 70m. As at 30 September, the previously available USD 50m revolving facility was undrawn. The new revolving facility matures on 28 February 2027 and includes options to extend the maturity twice, each for an additional year.
Repayment and Balance Sheet Impact
As part of the restructure, Paladin will make a repayment of USD 39.8m at completion to reduce the outstanding balance of the Term Loan Facility. The revised structure provides increased undrawn debt capacity while maintaining flexibility within the company’s balance sheet.
Share Price Snapshot
PDN was trading 5.20% lower at AUD 8.285 per share as of 18 December 2025.






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