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BRIEF-Western Areas says company is now debt free

Published 03/07/2015, 08:33 am
BRIEF-Western Areas says company is now debt free
WSA
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July 3 (Reuters) - Western Areas Ltd WSA.AX :

* Western Areas now debt free

* Full repayment of A$125M of convertible bonds which results in the company being debt free for the first time since 2004

* Says bonds were repaid from existing cash reserves

* Says company's interest and financing charges will reduce by approximately A$12.5M in FY 2016

* Says company has in place a fully undrawn finance facility with anz bank of up to A$125M

* Source text for Eikon ID:nASX1XhGbm

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