Investor Meetings and Senior Secured Bond Issue
Tharisa plc has mandated DNB Carnegie and HSBC as Joint Bookrunners, along with Absa Bank Limited as co-manager, to arrange fixed income investor meetings starting September 2, 2026, which may lead to a new 5-year senior secured bond issue of USD300 million by its subsidiary Arxo Finance plc. The proceeds from this contemplated bond issuance are intended for capital expenditure at the Karo Platinum Mine and general corporate purposes, subject to market conditions.
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JSE share code: THA
LSE share code: THS
A2X share code: THA
('Tharisa' or the 'Company' or 'Group')
Income Investor Meetings and Contemplated Senior Secured Bond Issue
Tharisa, the mining, metals, and innovation company dual-listed on the Johannesburg and London stock exchanges, has mandated DNB Carnegie and HSBC as Joint Bookrunners, and Absa Bank Limited (acting through its Corporate & Investment Banking division) as co-manager, to arrange a series of fixed income investor meetings commencing on 2 September 2026.
A new 5-year senior secured bond with an initial issue amount of USD300 million issued by the Company's wholly owned subsidiary Arxo Finance plc may follow, subject to inter alia market conditions. The net proceeds from the contemplated bond issue will be deployed for capital expenditure at the Karo Platinum Mine, and for general corporate purposes.
For bookrunners, please contact:
Alexander Wheal
| o Managing Director Debt Capital Markets, Global Banking & Markets | HSBC Bank plc |
| o Phone: +44 207 991 5660 | |
| o Mobile: +44 584 401 519 | |
| o Email: alexander.wheal@hsbcib.com | |
| · Adam Vegh | |
| o Vice President CEEMEA Debt Capital Markets Capital Markets & Advisory | HSBC Bank plc |
| o Mobile: +44 7384 794 650 | |
| o E-mail: adam.vegh@hsbc.com | |
| · Marcus Rosén | |
| o Managing Director Investment Banking HY Origination | DNB Carnegie |
o Mobile: +47 94 13 78 77
o E-mail: marcus.rosen@dnbcarnegie.no
Paphos, Cyprus
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Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.