ABGSC acted as Joint Lead Manager and bookrunner for Strandline Resources in connection with its USD 60 million senior secured bond issue

Strandline Resources has successfully raised a USD 60 million senior secured bond to partly finance the development of the Coburn mineral sands project. The bond was issued by Strandline Resources’ subsidiary Coburn Resources. Together with the senior secured bond, the project will be financed with a pari passu debt facility provided by the Northern Australia Infrastructure Fund, a governmental agency focusing on delivering economic and population growth into northern Australia, and Equity.