Meridian Gold gets $300 million revolver

By Sara Rosenberg

New York, May 9 - Meridian Gold Inc. closed on a new $300 million five-year revolving credit facility, according to a company news release.

UniCredit Group provided the new deal, and Natixis Banques Populaires will join as mandated lead arranger.

Pricing on the revolver can range from Libor plus 120 to 170 basis points, and the commitment fee ranges from 37.5 bps to 50 bps.

Borrowings will be available for general corporate purposes.

Meridian Gold is a Reno, Nev.-based miner and explorer of gold and other precious metals.

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