Gilbert + Tobin has advised Paladin Energy Ltd (Paladin) (ASX: PDN, TSX: PDN, OTCQX: PALAF) on the successful restructure of its syndicated debt facility with Nedbank Limited (acting through its Corporate and Investment Banking division), Nedbank Namibia Limited and Macquarie Bank.
Under the restructured facilities, Paladin’s overall debt capacity has been right-sized, reducing the total debt capacity from US$150 million to US$110 million. The restructured facilities include a US$40 million Term Loan Facility maturing in February 2029 and an undrawn US$70 million Revolving Credit Facility maturing in February 2027, with options to extend.
The restructure leverages Paladin’s enhanced liquidity position following its $300 million fully-underwritten equity raise and $100 million Share Purchase Plan completed in 2025 and supports its progress at the Langer Heinrich Mine. Paladin’s financial strength is also reinforced as it advances its strategic objectives in a global uranium market defined by rising demand, tightening supply and growing interest in nuclear energy as a key decarbonisation pathway
The G+T team advising Paladin was led by partner Dom McGreal and supported by lawyers Roderick Gillis and David Stokes.
Partner, Dom McGreal said:
We are pleased to have advised Paladin on this beneficial transaction, which aligns the company’s capital structure with its stronger liquidity profile and long-term growth strategy. This also demonstrates the value of proactive structuring, which supports Paladin’s operational objectives and enhances its market position. We congratulate the Paladin team and its lenders on successfully reaching a solution that provides for flexibility and positions the company for future success.
