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Published on 6/10/2008 in the Prospect News Bank Loan Daily.

Quadra Mining repays $154.6 million in first-lien debt

By Devika Patel

Knoxville, Tenn., June 10 - Quadra Mining Ltd. announced its subsidiary, Robinson Holdings (USA) Ltd., has paid $154.6 million to retire its first-lien debt.

The repayment amount includes a premium and accrued interest above the principal amount of $150 million.

The $150 million five-year first-lien term loan priced at Libor plus 650 basis points on March 5, 2007 with lead bank UBS Securities LLC.

Quadra is a Vancouver, B.C.-based mining company.


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