Lucara Secures Credit Approved US$220 Million Senior Debt Facilities for the Underground Expansion of the Karowe Mine and Extends Availability of its Working Capital Facility
(1) VANCOUVER, May 5, 2021 /PRNewswire/ -- (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: LUC) Lucara Diamond Corp. is pleased to announce that it has received credit approved commitments from a syndicate of five Mandated Lead Arrangers (the "MLAs") for a senior secured project financing debt package of up to US$220 million (the "Facilities") to fund the underground expansion at Lucara's 100% owned Karowe Mine ("Karowe") in Botswana. Please view PDF version The Facilities will include two tranches: A project finance facility of US$170 million to fund the development of the underground project, and ...
Source: finanznachrichten.de