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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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