Karora closes $80m facility with Macquarie

In:

Metals and Mining

Region:

Middle East & Africa, Americas, Asia-Pacific, Europe

Karora Resources (Karora) has closed a senior secured $80 million credit agreement with Macquarie Bank. The facility comprises a $40 million term loan and a $40 million revolving credit facility, both bearing an interest rate of the Canadian dealer offered rate +4.5% per annum on the drawn principal...

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