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Company News Summary

Paladin Energy Responds to Market Speculation

23 Apr 2019  |  08:21:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Response to Market Speculation - Capital Raising

Paladin Energy noted recent market speculation that the Company is considering an equity raising in order to fund a buy back or early redemption of its 2023 Secured Notes (Notes). The Company made it clear that it currently has no intention to raise capital to fund a partial or full buy-back or early redemption of these Notes. There are currently no repayment obligations in respect of the Notes and at the appropriate time the Company will consider all options available to it to obtain sufficient funding to repay the Notes by their maturity in 2023.

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