Freeport-McMoRan $465 million revolver priced at Libor plus 150 to 250 bps

By Sara Rosenberg

New York, July 26 - Freeport-McMoRan Copper & Gold Inc.'s $465 million amended and restated revolving credit facility due 2009 can carry an interest rate ranging from Libor plus 150 to 250 basis points, depending on ratings, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

The commitment fee can range from 37.5 to 50 bps based on ratings.

There is a $35 million accordion feature.

The amended and restated facility replaces the company's previous $195 million facility that was set to expire in September.

JPMorgan is the administrative agent on the deal, which was completed July 25.

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

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