Canadian miner First Quantum has signed a new $2.7-billion term loan and revolving credit facility, replacing the existing $1.5-billion revolving credit facility.
Underwritten by three core relationship banks, the new $2.7-billion facility, with an accordion feature to increase it up to $3-billion before the end of 2019, comprises a $1.5-billion term-loan facility and a $1.2-billion revolving credit facility maturing on December 31, 2022.