The new facility provides Resolute with flexible access to low cost funding for new growth initiatives.
Resolute has previously operated senior secured credit facilities with a banking syndicate which has included Citi, Barclays, Societe Generale, Macquarie, and Investec.
The most recent secured debt facility was a US$50 million cash advance facility jointly provided by Barclays and Investec which was fully repaid in June 2016.
The new facility is fully underwritten by Investec, has an initial three-year term, and ranks pari passu with the existing banking syndicate security trust deed.
The rates, fees and terms agreed for the new facility are highly competitive and provide Resolute with access to flexible growth capital at an attractively low cost.
Resolute managing director and chief executive officer John Welborn said: “This revolving credit facility ensures Resolute has the financial flexibility to pursue our growth agenda and act on opportunities as they arise.
“We maintain a strong balance sheet and ensuring a modest level of gearing is available to the company is a sound and appropriate strategic decision given our ambitions and outlook.”
Welborn added: “Resolute has always maintained strong relationships with our banking syndicate and I thank Investec for their support and vote of confidence.”