Industria
Lundin Mining Announces Amendment to Increase and Extend Credit Facility
This amendment and restatement provides the Company with more favourable covenants, reduced security on assets, and includes additional customary revisions. The Credit Facility is unsecured, save and except for a charge over certain assets in the United States of America . The amended Credit Facility bears interest on US dollar denominated drawn funds at rates of Term Secured Overnight Financing Rate ("Term SOFR") + Credit Spread Adjustment ("CSA") + 1.45% to Term SOFR+CSA+2.50% depending upon the Company's net leverage ratio, reduced from LIBOR+1.75% to LIBOR+2.75%, previously.
The Bank of Nova Scotia , ING Capital LLC and BMO Capital Markets have acted as Joint Lead Arrangers and Joint Bookrunners. The Bank of Nova Scotia continues as the Administrative Agent, ING Capital LLC as the Syndication Agent and Bank of Montreal as the Documentation Agent, in the syndicate along with Bank of America N.A., Canada Branch, Canadian Imperial Bank of Commerce, Royal Bank of Canada , and The Toronto-Dominion Bank as lenders.
Lundin Mining is a diversified Canadian base metals mining company with operations in 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 EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below on April 26, 2022 at 17:00 Eastern Time .
Contact: Mark Turner , Vice President, Business Valuations and Investor Relations: +1 416 342 5565; Irina Kuznetsova , Manager, Investor Relations: +1 416 342 5583; Robert Eriksson , Investor Relations Sweden: +46 8 440 54 50