Tamboran Resources (TBN) unit Tamboran West has gained access to a total of 35 million Australian dollars ($21.6 million) in performance bond facilities from Macquarie Bank, a regulatory filing showed Tuesday.
Under the performance bond facility agreement, Tamboran West will be able to access A$25 million in performance bonds initially, with two potential additional facilities of A$5 million each if parent firm Tamboran Resources raises at least A$62.5 million and A$75 million, respectively, according to the filing.
All facilities expire on Dec. 19, 2027, and are guaranteed by another Tamboran subsidiary Tamboran Resources Pty, the filing showed.
Tamboran shares were up more than 2% in recent trading Tuesday.
Price: 19.10, Change: +0.50, Percent Change: +2.69
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.