Paladin administrators add more debt

ADMINISTRATORS Matthew Woods, Hayden White and Gayle Dickerson of indebted uranium company Paladin Energy have lumped-on another US$60 million financing facility offered by Deutsche Bank to keep things ticking over at the miner.

Paladin administrators add more debt Paladin administrators add more debt Paladin administrators add more debt Paladin administrators add more debt Paladin administrators add more debt

As well as refinancing an existing $20 million Nedbank debt, the Deutsche facility will “fund working capital for the Langer Heinrich mine … and meet the general corporate purposes of the Paladin