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Mirabela Nickel Limited – Debt Update

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Mirabela Nickel Limited (ASX:MBN,TSE:MNB) announced the $25 million held as cash collateral by the hedge financiers was released.

Mirabela Nickel Limited (ASX:MBN,TSE:MNB) announced the $25 million held as cash collateral by the hedge financiers was released.

As quoted in the press release,

In addition, the Company negotiated a release of a further US$25 million held in a Contingency Support Account (“CSA”) by the hedge financiers. As a result of the release of the cash collateral and the CSA, Mirabela has now removed all liquidity covenants relating to the Company’s hedge book.

Click here to read the Mirabela Nickel Limited (ASX:MBN,TSE:MNB) press release.

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