Trident Royalties Plc announced that, following the announcement on 29 November 2023, the Company has now signed the facility agreement with BMO Capital Markets and CIBC for a new US$40 million revolving credit facility (the "RCF"), with an option to...
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February 19, 2024, 07:05 AM
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Peabody, a leading coal producer, closed a new $320 million senior secured revolving credit facility maturing in January 2028, subject to certain conditions relating to the company's outstanding Convertible Senior Notes due March 1, 2028. Revolving...
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January 19, 2024, 07:55 AM
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Great Rock Capital closed a $34.2 million senior secured credit facility with Blaschak Anthracite Corporation (“Blaschak”), a portfolio company of Milestone Partners. Blaschak is a leading producer of ultra-high-grade anthracite, which is one of...
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December 05, 2022, 07:57 AM
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MidCap Business Credit completed a $12 million asset-based credit facility to Responsible Energy Operations (REO). The Company, headquartered in Petersburg, IN, is a thermal coal mining and processing business.The opportunity was sourced out of...
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Siena Lending Group closed a $70 million credit facility with Navajo Transitional Energy Company, LLC (“NTEC”). The financing solution includes a $50 million asset-based revolving credit facility and a $20 million second lien term loan arranged by...
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February 24, 2022, 07:34 AM
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Eclipse Business Capital, formerly known as Encina Business Credit, provided a $45 million senior secured revolving credit facility to a coal mining company based in the U.S. and Canada. The credit facility is secured by accounts receivable and will...
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December 07, 2021, 08:00 AM
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SSR Mining amended its existing undrawn revolving credit facility on favorable terms, increasing the Facility size from US$75 million to US$200 million. The new Facility includes an upsized accordion feature from US$25 million to US$100 million and...
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Golden Star Resources announced the restructuring and upsizing of the senior secured credit facility with Macquarie Bank Limited. All monetary amounts refer to United States dollars.Highlights
The Credit Facility, an amortizing term loan, has been...
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Wingspire Capital provided a $45 million senior secured credit facility to a large private industrial mining company. The transaction included a $35 million revolving line of credit and a $10 million term loan. “This senior secured credit facility...
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Chiron Financial LLC served as the exclusive financial advisor and placement agent for Dominion Group and Cape Quarry in Louisiana Eastern Bankruptcy Court and arranged a working capital DIP loan.Dominion and Cape Quarry are in the basic materials...
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Amerisource Business Capital announced the closing and funding of a $1,000,000 DIP credit facility for a limestone quarry based in Missouri.Daniel Martinez, Regional Market Manager for Amerisource, stated: “We were pleased to work with the client and...
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Encina Business Credit, LLC (EBC) announced that it has provided a $15 million senior secured credit facility to a coal mining company. The facility consists of a revolving line of credit based on accounts receivable and equipment. Loan proceeds will...
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December 19, 2019, 08:50 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $15 million commitment as part of a $135 million senior secured credit facility to a coal mining company. The company operates transloading and mining equipment facilities. The loan...
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November 13, 2019, 08:45 AM
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MidCap Financial announced it has provided an $85 million senior credit facility to Westmoreland Mining Holdings, LLC, the oldest independent coal company in the United States. The MidCap credit facility will provide for the company's working capital...
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Victoria Gold Corp. has increased its senior secured credit facility to $100 million from $75 million while decreasing the subordinated secured credit facility to $75 million from $100 million. The quantum of the combined credit facilities remains...
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North American Palladium Ltd. announced that it has entered into a new $125 million revolving term credit facility) in replacement of the Company's existing credit facilities. The Credit Facility is to be used for general corporate purposes. The...
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December 18, 2018, 09:00 AM
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TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation, announced that it provided $24,500,000 in secured financing to support Knox Capital Holdings in its refinancing of Stancor, L.P.Headquartered in...
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October 12, 2018, 07:09 AM
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Endeavour Mining announced that it has refinanced its previous Revolving Credit Facility (RCF) on improved terms and upsized it to $500 million from $350 million, thereby providing significant headroom to fund its growth projects.
Sébastien de...
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September 20, 2017, 07:15 AM
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Trevali Mining Corporation announced it has completed the acquisition of a portfolio of zinc assets from Glencore PLC, and certain of its subsidiaries, including an 80% interest in the Rosh Pinah mine in Namibia, a 90% interest in the Perkoa mine in...
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September 01, 2017, 07:15 AM
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Tahoe Resources Inc. announced that the Company has entered into an Amended and Restated Credit Agreement with a syndicate of lenders to increase its revolving credit facility from $150 million to $300 million with a $50 million accordion feature...
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Gordon Brothers announced that the company has acquired the majority of Central Queensland Quarries’ (CQQ) plant and equipment as part of a liquidation managed by FTI Consulting. Gordon Brothers has also entered into a rental agreement to lease a...
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Perseus Mining Limited has received a total of $60 million of debt finance to be used to finance its growth strategy.The financing, provided by Macquarie Bank Limited, includes a $40 million project debt facility that will be used to finance the...
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Essex Capital Group, Inc. announced that the firm recently arranged a $10 million term debt capital raise for Cornerstone Industrial Minerals Corporation, U.S.A., a Lakeview, Oregon, privately held company engaged in the mining, processing and...
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Victoria Gold Corp. announced that it has appointed BNP Paribas as the sole Mandated Lead Arranger to arrange up to $220 million of senior, secured project debt for Victoria's Eagle Gold Project in Yukon, Canada.Mr. John McConnell, President and CEO...
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January 25, 2017, 07:00 AM
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Peabody Energy today announced that as of 5:00 p.m., New York City time, on Dec. 30, 2016, additional eligible holders of approximately 16.6 percent of the outstanding principal amount of the company's senior secured second lien notes and...
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January 03, 2017, 08:00 AM
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Lydian International Limited announced that its wholly owned Armenian operating subsidiary has entered into a secured credit facility with Caterpillar Financial Services (UK) ("Cat Financial") for a maximum principal amount of US$42 million ("Cat...
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December 28, 2016, 07:58 AM
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It’s no surprise that the global mining industry has endured a difficult few years, and for many mining companies, optimism has been in short supply. Persistently low commodity prices, waning demand and tightening capital and credit markets have been...
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October 19, 2016, 07:23 AM
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First Quantum Minerals Ltd. has completed a new term loan and revolving credit facility (the "Facility") with its core relationship banks. This new facility replaces the existing $3 billion facility. The new $1.815 billion facility comprises a $907.5...
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Compass Minerals has refinanced its existing senior secured credit facilities with a new $400 million senior secured term loan and a $300 million senior secured revolver, which both mature July 1, 2021 and carry an interest rate of LIBOR plus 1.5...
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Taseko Mines Limited has entered into a US$70 million Senior Secured Credit Facility Agreement (the "Credit Facility") with an affiliate of RK Mine Finance ("Red Kite"), one of the world's largest metal merchants."In addition to repaying the May 2016...
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February 01, 2016, 07:19 AM
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U.S. coal producers continue to restructure as challenges in the sector mount, according to Fitch Ratings. The trailing 12-month default rate for the industry was 27.7%, including Hidili Industry International Development Ltd., Alpha Natural...
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November 10, 2015, 07:19 AM
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Silver Standard Resources announced the closing of a new $75 million senior secured revolving credit facility. The Canadian Imperial Bank of Commerce acted as the sole lead arranger, sole bookrunner and as administrative agent in connection with the...
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August 05, 2015, 07:08 AM
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The PrivateBank announced it has extended an $18.5 million credit facility to Virginia Explosives & Drilling Company, Inc., a provider of contract drilling and blasting solutions for the coal mining and construction industries. The Company was...
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Nevada Copper Corp. announced the closing of a US$200 million senior secured loan facility (the "Loan Facility") and copper concentrate off-take (the "Concentrate Off-Take") agreement with RK Mine Finance ("Red Kite"). This Loan Facility replaces the...
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December 31, 2014, 07:44 AM
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