Lundin Gold fully repays senior project debt facility due June 2026

Chicago, Nov. 8 – Lundin Gold Inc. said that it is electing to repay the remaining balance of $70.5 million on its senior debt facility on Nov. 14, according to a press release.

The company has managed to extinguish $500 million over two project finance facilities after only three years of operations.

There is only one credit facility, the stream credit facility, still on Lundin’s balance sheet.

The company has the option to pay half of the amount outstanding on June 30, 2024 for $150 million and/or the other half outstanding on June 30, 2026 for $225 million.

Vancouver, Canada-based Lundin Gold is a mining company that owns and operated gold projects located in southeast Ecuador.

© 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.