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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 29/06/18

1 year TSR5 year TSR
159thGalaxy Resources83%51%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

21/12/17
$140k Bought
21/12/17
$626k Other
18/07/17
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

th-Galaxy Resources$128.1m
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Galaxy Resources

49thAnthony Tse$1.072m
116thMartin Rowley$686k
988thGeorge Zhang$84k
Ranked by total remuneration from all listed WA companies

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