Debt Restructure Leverages Enhanced Liquidity
News Release
17 December 2025
Debt Restructure Leverages Enhanced Liquidity
Perth, Australia - Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) (“ Paladin” or the “ Company”) is
pleased to announce that the restructure of its syndicated debt facility ( Debt Facility) with its Lenders, Nedbank
Limited (acting through its Nedbank Corporate and Investment Banking division), Nedbank Namibia Limited and
Macquarie Bank was executed on 18 December 2025 with completion of the restructure conditional on the
finalisation of customary conditions.
The original Debt Facility was executed in January 2024 pr ior to the recommencement of production at the Langer
Heinrich Mine (LHM) and the Company’s acquisition of Fission Uranium Corp. The restructure aims to right-size the
overall debt capacity, reducing it from US$150M to US$110M, leveraging Paladin’s enhanced liquidity position
following the successful completion of the A$300M equity raise and A$100M Share Purchase Plan in 2025. The
restructure also reflects Paladin’s increasing maturity as a uranium producer as it continues to progress the ramp up
at the LHM, while providing greater undrawn debt capacity and balance sheet flexibility.
The restructure provides Paladin with a US$110M Debt Facility including:
Term Loan Facility of US$40M (30 Sept ember balance: US$79.8M), reducing costs associated with the current
debt portfolio, maturing on 28 February 2029
An undrawn Revolving Credit Facility of US$70M (30 September balance: undrawn US$50M Facility), providing
additional undrawn debt capacity, maturing on 28 February 2027 with an option to extend twice by a further year
As part of the restructure, a repayment of US$39.8M will be made to reduce the Term Loan Facility at completion.
Please refer to Schedule 1 for the key terms of the restructured Debt Facility.
This announcement has been authorised for release by the Board of Directors of Paladin Energy Ltd.
Contacts
Investor Relations
Head Office
Paula Raffo
Paladin Investor Relations
T: +61 8 9423 8100
Media
Head Office
Anthony Hasluck
Paladin Corporate Affairs
T: +61 409 448 288
Schedule 1 – Summary Terms of US$110M Debt Facility
Term Loan Facility Revolving Credit Facility
Borrower Paladin Energy Ltd and Paladin Finance Pty Ltd (a wholly owned subsidiary of Paladin Energy
Ltd)
Lenders Nedbank Limited, Nedbank Namibia Limited and Macquarie Bank Limited
Commitment US$40M (drawn) US$70M (undrawn)
Security Senior Secured
Repayment Quarterly capital repayment
over 12 repayment periods. Voluntarily
repayment
Borrowers may choose to repay and redraw
anytime during the availability period. Repaid in full
by final maturity date.
Maturity 28 February 2029 28 February 2027, with an option to extend twice
by a further year, subject to a six month notice
period and Lender approval
Covenants Customary covenants, representations and events of default for a secured debt financing with
financial covenants including debt service covera ge ratio, net Debt/EBITDA ratio, reserve tail
ratio, and minimum cash balance
Paladin Energy Ltd – Debt Restructure
Leverages Enhanced Liquidity
17 December 2025
2 of 2