Paladin Energy has restructured its syndicated debt facility with Nedbank, reducing its total debt capacity from US$150 million to US$110 million as the company leverages a stronger liquidity position following capital raisings and the ramp-up of production at Namibia’s Langer Heinrich Mine.
The restructuring, executed on 18 December 2025, involves Paladin’s lenders, Nedbank Limited, Nedbank Namibia Limited, and Macquarie Bank, with completion subject to customary conditions.
Under the revised terms, the facility comprises a US$40 million term loan maturing on 28 February 2029 and an undrawn US$70 million revolving credit facility maturing on 28 February 2027, with options to extend the revolving facility by up to 2 additional years.
Paladin said the new structure lowers financing costs while increasing balance sheet flexibility through additional undrawn capacity.
The original debt facility was put in place in January 2024, before the restart of production at Langer Heinrich and before Paladin acquired Fission Uranium Corp. Since then, the company has strengthened its financial position through an A$300 million equity raise and an A$100 million share purchase plan completed in 2025.
As part of the restructure, Paladin will make a US$39.8 million repayment to reduce the outstanding balance on the term loan at completion. The company said the revised facility better aligns its debt profile with its current operating status as a producing uranium company.
Paladin said the restructure was authorised by its board and is intended to support ongoing production ramp-up at Langer Heinrich while preserving 19% financial flexibility.
