Galaxy's Mt Cattlin lithium mine near Ravensthorpe.

Galaxy borrows $US40m to refinance debt

Galaxy Resources has secured a $US40 million ($A53 million) facility with BNP Paribas to square off its existing owings to investment group OCP Asia.


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The obvious reason to refinance is to save money, but there are other benefits as well. Another motivation is that you can use the savings on the refinancing to help offset some of the new debt service on the new money that you’re borrowing.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/02/19

1 year TSR5 year TSR
58thSaracen Mineral Holdings60%53%
119thRegis Resources30%22%
245thResolute Mining0%14%
273rdSandfire Resources-1%7%
508thGalaxy Resources-37%46%
730 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$140k Bought
$626k Other
$0 Other
Total value as at the date of the transaction
Source: Morningstar


10th-Sandfire Resources$615.7m
11th↓Regis Resources$607.8m
12th↑Galaxy Resources$540.6m
13th↑Saracen Mineral Holdings$521.8m
14th↓Resolute Mining$491.5m
487 listed resources companies ranked by revenue.
Source: Morningstar

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