https://www.miningweekly.com
Business
Business
business

First Quantum announces refinancing

7th February 2019

By: Creamer Media Reporter

     

Font size: - +

Canadian miner First Quantum has signed a new $2.7-billion term loan and revolving credit facility, replacing the existing $1.5-billion revolving credit facility.

Underwritten by three core relationship banks, the new $2.7-billion facility, with an accordion feature to increase it up to $3-billion before the end of 2019, comprises a $1.5-billion term-loan facility and a $1.2-billion revolving credit facility maturing on December 31, 2022.

The refinancing extends the debt maturity profile of the business, eliminating all material debt maturities through to 2022. In addition, it provides liquidity headroom under the revolving credit facilities.

The facility will be used for the redemption of the $1.12-billion senior notes due February 2021, in full or in part and for general corporate purposes.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 
Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.111 0.148s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: