Freeport-McMoRan amending revolver to increase size to $465 million

By Sara Rosenberg

New York, July 18 - Freeport-McMoRan Copper & Gold Inc. is close to completing an amendment to its revolving credit facility that would increase the size to $465 million from $195 million, according to a company news release.

In addition, the amended facility would provide for a $35 million accordion feature.

Furthermore, the amendment would extend the maturity of the revolver to 2009 from September 2006.

Freeport-McMoRan is a New Orleans-based explorer, miner and producer of copper, gold and silver.

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