Toronto-based Boliden (BOL-T) has arranged a US$200-million revolving credit facility which allows it to refinance debt carried by its newly acquired subsidiary, Boliden Westmin.
When Boliden acquired Westmin Resources earlier this year, it agreed to purchase US$120 million of secured notes issued by Westmin and to redeem $68.7 million of Westmin’s Class B preferred shares.
Boliden’s 5-year credit facility was arranged by an international banking syndicate that includes the Bank of Nova Scotia. It bears an interest rate of 25 to 30 basis points over LIBOR (London Interbank Offer Rate).
Be the first to comment on "MINING MARKETS AND INVESTMENT NEWS — Boliden refinances debt"