Cash generation is so strong at Impala Platinum (Implats) that the company may not need bridging finance in order to complete the $758m purchase of Toronto’s North American Palladium (NAP) it first announced – to much surprise – on 7 October. (Also see p.36.)
The company hasn’t commented on the prospect of avoiding bridging finance, but a banking source says that at current platinum group metal (PGM) prices, Implants are absolutely coining it.
Implats will buy 100% of NAP for cash in three parts, consisting of $288m in existing cash; some $120m from metal prepayment; and the bridging loan worth about $350m. Morgan Stanley was to be asked to arrange it: that might now not be the case.
この記事は Finweek English の 24 October 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は Finweek English の 24 October 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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