WHITEHAVEN COAL LIMITED — Capital/Financing Update 2017

Aug 7, 2017

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ASX
ANNOUNCEMENT
8 August 2017
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Whitehaven Coal Refinances Senior Bank Facility

Whitehaven Coal Limited (ASX: WHC) is pleased to announce it has today entered into agreements with its syndicate of Australian and international banks for the refinancing of its senior bank facility.

The new facility is for general corporate purposes and comprises a A$1.0 billion drawable line of credit and A$200 million of bank guarantee capacity. The maturity date of the new facility is July 2021. Completion of the refinancing is subject to satisfaction of standard conditions precedent.

The facility, which is on terms more favourable than the one it replaces, was oversubscribed.

Paul Flynn, Whitehaven Coal Managing Director and CEO, today said: “We are delighted with the strong support we continue to receive from our banking syndicate. The support of Whitehaven’s banking group endorses our medium to long term growth profile and the cash flow generation from our quality assets. The new facility positions Whitehaven to capitalise on future growth opportunities.”

Ian McAleese, GM Investor Relations Michael Van Maanen, Media

For further information please contact

P 02 8507 9714 P 0412 500 351