2025/12/18 – 10:10:00 – 1087519381153382672
Debt restructure leverages enhanced liquidity
Paladin Energy Limited (‘Paladin’)
PALADIN ENERGY LTD
ACN 061 681 098
Registration No. ACN 061 681 098
Registered as an external company in Namibia
ISIN Code: AU000000PDN8
NSX Share Code: PDN
DEBT RESTRUCTURE LEVERAGES ENHANCED LIQUIDITY
Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) (“Paladin” or the “Company”)
is pleased to announce that the restructure of its syndicated debt facility (Debt Facility) with
its Lenders, Nedbank Limited (acting through its Nedbank Corporate and Investment
Banking division), Nedbank Namibia Limited and Macquarie Bank was executed on 18
December 2025 with completion of the restructure conditional on the finalisation of
customary conditions.
The original Debt Facility was executed in January 2024 prior to the recommencement of
production at the Langer Heinrich Mine (LHM) and the Company’s acquisition of Fission
Uranium Corp. The restructure aims to right-size the overall debt capacity, reducing it from
US$150M to US$110M, leveraging Paladin’s enhanced liquidity position following the
successful completion of the A$300M equity raise and A$100M Share Purchase Plan in
2025. The restructure also reflects Paladin’s increasing maturity as a uranium producer as
it continues to progress the ramp up at the LHM, while providing greater undrawn debt
capacity and balance sheet flexibility.
The restructure provides Paladin with a US$110M Debt Facility including:
• Term Loan Facility of US$40M (30 September balance: US$79.8M), reducing costs
associated with the current debt portfolio, maturing on 28 February 2029
• An undrawn Revolving Credit Facility of US$70M (30 September balance: undrawn
US$50M Facility), providing additional undrawn debt capacity, maturing on 28
February 2027 with an option to extend twice by a further year
As part of the restructure, a repayment of US$39.8M will be made to reduce the Term Loan
Facility at completion.
This announcement has been authorised for release by the Board of Directors of Paladin Energy
Ltd.
The full announcement can be viewed at the following link:
https://www.paladinenergy.com.au/wp-content/uploads/2025/12/61304114.pdf
By order of the Board of Directors
Paul Hemburrow
Chief Operating Officer
18 December 2025
Registered Office
Erf 3981B
Extension 10
New Industrial Area
Swakopmund
Namibia
Sponsor
IJG Securities (Pty) Ltd
Member of the NSX
4th Floor, 1@Steps, C/O Grove and Chasie Street, Klein Kuppe
P O Box 186, Windhoek, Namibia
Registration No. 95/505
Date: 18-12-2025 10:10:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
—
Namibia Securities Exchange – NAM News