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OceanaGold gets new $250 million revolving credit facility due 2024
By Cady Vishniac
Detroit, Dec. 17 – OceanaGold Corp. has entered into a new $250 million revolving credit facility due Dec. 31, 2024, according to a press release.
The new revolver replaces a $200 million facility due 2021. Interest is Libor plus a margin that varies from lender to lender. Additional indebtedness under the facility is allowed.
The banks on the facility are previous lenders Scotiabank, Citibank, BNP Paribas and Commonwealth Bank of Australia, and new lenders Bank of Montreal and CIBC.
OceanaGold is a gold exploration company based in Melbourne, Australia.
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