Nevada Copper agreed to non-binding terms with KfW IPEX-Bank GMBH and is engaged in ongoing discussions with other lenders to provide a combined financing package of at least $30 million. KfW will provide a $15 million senior loan as part of the package.
KfW IPEX-Bank amended Nevada Copper’s existing senior credit facility, providing for an aggregate of $12.2 million in payment deferrals through the re-sculpting of certain amortization and debt service reserve account payments.
Nevada Copper has completed a credit agreement with Pala Investments for a $30 million credit facility.
Nevada Copper announced it closed a $20 million bridge loan facility with Pala Investments.
Nevada Copper announced it closed a $20 million bridge loan facility with Pala Investments. The initial term of the facility is four months, with up to two additional two month extensions. The facility will be drawn in $5 million tranches. The annual interest rate is 10% and with a 2.7% arrangement fee payable during the […]