Macquarie Bank provided a senior secured term loan facility of $40 million to Canada-based gold mine developer Battle North Gold Corporation to fund the construction of the Bateman Gold Project in Red Lake, ON.
ING Capital led a $235 million syndicated financing on behalf of Auramet Trading and Auramet International, a precious metals merchant.
Mandalay Resources entered into a credit agreement with HSBC Bank Canada and Macquarie Bank for a $25 million senior secured revolving credit facility and a $40 million senior secured term credit facility.
Bristow Group has emerged from Chapter 11 bankruptcy protection, successfully completing its debt restructuring process and implementing the Chapter 11 reorganization plan confirmed by the U.S. Bankruptcy Court for the Southern District of Texas.
Peabody successfully completed an amendment of its senior secured credit agreement and closed on commitments for a $270 million revolving credit facility, which is expected to lead to the release of a comparable amount of restricted cash over time.
Paringa Resources has accepted a committed letter of offer from Macquarie Bank to provide a fully underwritten $20 million project loan facility to develop the Poplar Grove Mine.