Buenaventura gets $450 million term loan

By Sara Rosenberg

New York, May 28 - Compania de Minas Buenaventura closed on a new $450 million five-year term loan, according to a news release.

Pricing on the loan is Libor plus 225 basis points.

Proceeds were used to repay the company's $450 million bridge loan, which was used to finance the unwinding of its gold hedge book in February.

Buenaventura is a Lima, Peru-based precious metals mining company.

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