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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Sprott Resource Lending Provides $14MM Loan Facility to Alderdo Iron Ore
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Lenders/Participants
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Sprott Resource Lending Partnership [Lender]
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Structure
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Loan Facility
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Amount
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$14.000
Million
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Borrower(s)
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Alderdon Iron Ore Corp.
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Description
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The terms of the Loan Facility are: Principal amount of US$14 million; interest at 10% per annum, payable monthly; original maturity date of December 31, 2019 (the “Maturity Date”); proceeds of the Loan Facility were advanced as a single draw on the closing date (the “Closing Date”); the proceeds of the Loan Facility were used to repay the existing LMM loan and to reimburse Alderon for amounts that are pre-paid to LMM prior to closing; Alderon is acting as guarantor for the Loan Facility.
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Industry
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Metals and Mining
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| Related Tags |
Sprott Resource Lending
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ABL Advisor
Deal Tables
2024
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