Australia's Mirabela Nickel gets $190 million non-revolving term loan

By Sara Rosenberg

New York, April 8 - Mirabela Nickel Ltd. closed on a $190 million non-revolving term loan, according to a news release.

Barclays Bank, Credit Suisse, WestLB, Caterpillar Financial Services Corp. and Bayerische Hypo-und Vereinsbank AG are the lenders under the deal.

Proceeds will be used to help fund the completion of construction of the company's Santa Rita Project in Bahia State, Brazil, to remedy its working capital deficiency, to pay amounts due under its project credit facilities and for general corporate purposes.

Mirabela is a Perth, Australia-based mineral exploration company.

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