Capstone Copper expands revolver to C$500 million, extends to 2026

By Marisa Wong

Los Angeles, July 22 – Capstone Copper Corp. announced it closed an amendment and extension of its corporate revolving credit facility, increasing the revolver to C$500 million plus a C$100 million accordion from C$225 million and extending it by four years to May 12, 2026.

Canadian Imperial Bank of Commerce is the administrative agent. CIBC, Bank of Nova Scotia and ING Capital LLC are co-lead arrangers and joint bookrunners. Scotiabank is syndication agent. National Bank of Canada and Wells Fargo Bank, NA, Canadian Branch are joint documentation agents.

Citibank NA, Bank of Montreal and Royal Bank of Canada also participated.

Upon closing of the amended revolver, Capstone will repay the existing debt facility with Glencore Chile SpA, which was previously raised in connection with the Mantos Blancos concentrator development project.

Capstone is an Americas-focused copper mining company based in Vancouver, B.C.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.