Industria
Lundin Mining Announces Closing of $350 million Term Loan in Connection with the Caserones Option Exercise
The Term Loan bears interest on US dollar denominated drawn funds at an annual rate equal to the Term Secured Overnight Financing Rate plus a credit spread adjustment plus an applicable margin of 1.60% to 2.65%, depending upon the Company's net leverage ratio. The Term Loan is unsecured, save and except for a charge over certain assets in the United States of America , and has similar covenants to the Company's existing $1.75 billion revolving credit facility.
BMO Capital Markets, ING Capital LLC and The Bank of Nova Scotia have acted as Joint Lead Arrangers and Joint Bookrunners. Bank of Montreal is acting as Administrative Agent and Bank of Montreal , Canadian Imperial Bank of Commerce, ING Capital LLC and The Bank of Nova Scotia are acting as Co-Sustainability Structuring Agent. Bank of Montreal , The Bank of Nova Scotia , ING Capital LLC, Canadian Imperial Bank of Commerce, Fédération des Caisses Desjardins du Québec, The Toronto-Dominion Bank, Bank of America N.A., Royal Bank of Canada , Export Development Canada, National Bank of Canada , MUFG Bank Ltd, Canada Branch, and Citibank N.A., Canada Branch, acted as lenders.
Lundin Mining is a diversified Canadian base metals mining company with operations and projects in Argentina , Brazil , Chile , Portugal , Sweden and the United States of America , primarily producing copper, zinc, gold and nickel.
The information in this release is subject to the disclosure requirements of Lundin Mining under the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out below on August 2, 2024 at 14:30 Vancouver Time.
For further information, please contact: Stephen Williams , Vice President, Investor Relations: +1 604 806 3074; Robert Eriksson , Investor Relations Sweden: +46 8 440 54 50
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