Thiess has successfully refinanced its senior debt facilities, extending its $2.5 billion arrangement for a three-year term.
The refinancing includes a revolving corporate facility and a syndicated term loan, now maturing in January 2028.
The transaction received overwhelming support, with existing lenders reaffirming their confidence in the company while welcoming new banking partners into the fold.
Thiess chief financial officer Craig Morton emphasised the significance of the refinancing in supporting the company’s growth initiatives.
“The strong demand from banking partners demonstrates their confidence in Thiess and our ongoing implementation of our diversification and decarbonisation strategies,” Morton said.
“These include the acquisition of underground metals mining specialist PYBAR, securing our first Canadian project since reentering the country, Stobie Open Pit Mining, positive progress at our Thiess Rebuild Centre on Batam Island, and efforts to advance decarbonisation across our business.”
Thiess has strategically positioned itself as a leader in sustainable and diversified mining services, leveraging its global expertise to address evolving industry needs.
The company’s recent milestones, including its reentry into Canada and its focus on decarbonisation, reflect a future focused and long-term strategic direction.
“We thank our banking partners, both current and new, for their support,” Morton said. “We look forward to working with them, as Thiess continues to diversify our global business in accordance with our strategy.”
In other recent news at the company, Thiess Rehabilitation has worked to restore the Muswellbrook coal mine in New South Wales 80 years after it pioneered its open-cut operations.
Thiess’ origins date back to 1944 in the Hunter Valley of NSW when the Thiess brothers broke ground for the first time at Muswellbrook.
Now, the company is working to restore the land, with 156 hectares of post-mining land slated for restoration over the next 12 months.