The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Bank of Montreal Arranges $30MM Credit Facility for Argonaut Gold
Lenders/Participants
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Bank of Montreal [Lead Arranger, Sole Bookrunner, Administrative Agent]
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Structure
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Revolving Credit Facility
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Amount
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$30.000
Million
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Borrower(s)
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Argonaut Gold Inc.
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Description
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The three-year Facility remains undrawn at present but is immediately available. The Facility includes customary terms and conditions, will initially bear interest of LIBOR plus 2.50% and subsequently on a sliding scale between 2.25% to 3.25%. Standby fees for the undrawn portion of the Facility are also on a similar scale basis between 0.51% and 0.73%. The uses of proceeds are for general corporate purposes and future project development, possibly including, San Agustin.
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Industry
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Metals and Mining
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Related Tags |
Bank of Montreal, Canada
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ABL Advisor
Deal Tables
2024
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