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.
Perseus Mining accepted committed letters of offer from Macquarie Bank to provide a total of $60 million of debt finance to support its growth strategy.
InterOil entered into a new $470 million facility that will replace an existing $400 million secured capital expenditure facility. The financing was led by ANZ that acted as the structuring bank.
Bristow U.S., a subsidiary of Bristow Group, entered into a $200 million term loan credit agreement with Macquarie Bank as administrative agent and security agent.
Rye Patch closed a $27 million credit facility with Macquarie to support its acquisition of the Florida Canyon Gold Mine. Macquarie and Canaccord Genuity are leading a proposed equity financing to further support the transaction.
Atlantic Gold signed a C$115 million ($89.33 million) syndicated project facility agreement with Macquarie Bank and Caterpillar Financial Services to fund construction costs of its Moose River Project in Nova Scotia.
Horsehead Holding announced that three of its subsidiaries entered into a forbearance agreement with Macquarie Bank as agent and lender. Another subsidiary, Zochem, has entered into a forbearance agreement with PNC bank as agent and lender.
Northern Vertex Mining signed an engagement letter with indicative terms for Macquarie Bank to provide project finance facilities of up to $20 million as well as a $6.5 million equipment finance facility. The funds from the project finance facilities will be to be used to fund the majority of the projected development costs of the […]