Fortuna Silver Mines amended its existing senior secured revolving credit facility with BNP Paribas, The Bank of Nova Scotia, Société Générale and other financial institutions and lenders, to increase the maximum facility amount by US$50 million to...
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December 16, 2022, 07:23 AM
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Capstone Copper closed the amendment and extension of the Capstone corporate revolving credit facility ("RCF") from $225 million to $500 million plus $100 million accordion and extended the RCF by four years to May 12, 2026. Upon closing of the RCF...
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July 25, 2022, 07:39 AM
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MidCap Business Credit completed a $17 million asset-based credit facility to Virginia Explosives & Drilling Company. The business was established in 1998 and is headquartered in Vansant, VA. Virginia Drilling Company, LLC was formed when the owners...
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July 11, 2022, 07:34 AM
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Pretium Resources amended its existing credit facility on favorable terms, increasing the Loan Facility size to US$350 million from its current US$300 million. The Amended Loan Facility is comprised of a US$100 million non-revolving term credit...
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August 11, 2021, 07:00 AM
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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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April 21, 2021, 08:00 AM
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Newmont Corporation executed an industry-leading $3.0 billion sustainability-linked revolving credit facility. The credit facility includes a pricing feature based upon third-party sustainability performance measures and includes overall improved...
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April 05, 2021, 07:20 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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Gordon Brothers, Hilco Industrial and AM King Industries announced that they have commenced an orderly sale process to sell certain mining assets of North American Tungsten Corporation (NATC) as part of a joint venture. NATC is a Canadian mining...
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October 20, 2017, 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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July 24, 2017, 08:00 AM
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Global mining and metals companies’ focus on debt reduction is in danger of going too far and compromising long-term growth. According to a new EY report on debt and working capital in the mining sector, debt has fallen by almost 25% in the sector...
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June 23, 2017, 07:55 AM
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Royal Gold, Inc. announced that it entered into a new $1 billion, 5-year revolving credit facility with a final maturity in June 2022. The new credit facility replaces Royal Gold's prior $650 million credit facility that was set to mature in March...
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June 05, 2017, 07:12 AM
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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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May 18, 2017, 07:30 AM
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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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March 13, 2017, 07:19 AM
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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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March 08, 2017, 07:00 AM
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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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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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Recent leveraged loan price volatility presents increased risks and opportunities for CLO managers, Fitch Ratings says. Managers in volatile markets are challenged to make credit calls that may significantly affect long-term performance for CLO...
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December 29, 2015, 07:33 AM
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