ASM refinances Korean Development Bank corporate debt facility
June 5, 2025 (Source) — Australian Strategic Materials Limited (ASM or the Company) (ASX: ASM) advises that it has executed a refinance of its loan facility with the Korean Development Bank (KDB) as part of a refinance of existing Korean loan facilities associated with the Company’s Korean Metals Plant (KMP).
The refinanced KDB loan will comprise of a secured loan facility of up to ₩9 billion (~A$10.2 million)1, following a partial loan repayment of ₩3 billion (~A$3.3 million), with a repayment date of 10 June 2026.
This follows the refinance of the Hana Bank loan of ₩3 billion (~A$3.3 million), announced by the Company on 29 May 20252. The refinancing provides financial flexibility for the Company to continue to focus on improving technical capability and ramp-up activities for the KMP.
ENDS –
FOR MORE INFORMATION PLEASE CONTACT:
Investors
Stephen Motteram
CFO, ASM Ltd
+61 8 9200 1681
Media Australia
Ian Donabie
Manager Communications
+61 424 889 841
[email protected]
This document has been authorised for release to the market by the Board.
1 Exchange rate (₩:A$): 0.0011
2 Refer to ASX Release, 29 May 2025: “ASM refinances Hana Bank corporate debt facility”