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Alacer Gold Corp. (TSX:ASR,ASX:AQG) announced that it’s signed a previously announced $250-million senior secured project finance facility with BNP Paribas (Suisse) SA, ING Bank AS and Societe Generale Corporate & Investment Banking.
Alacer Gold Corp. (TSX:ASR,ASX:AQG) announced that it’s signed a previously announced $250-million senior secured project finance facility with BNP Paribas (Suisse) SA, ING Bank AS and Societe Generale Corporate & Investment Banking.
As quoted in the press release:
The Facility has a 7-year term, interest rates of LIBOR plus 2.5% to 2.95%, no mandatory gold hedging requirements and no early repayment penalties. Advances under the Facility are subject to customary conditions precedent including execution of security and construction documentation. The agreement will be posted on SEDAR.
Rod Antal, president and CEO of Alacer Gold, commented:
The facility represents yet another step forward in de-risking the Sulfide Project and further strengthens Alacer’s balance sheet enabling increased flexibility to advance growth. We are extremely pleased to have closed the agreement on very competitive terms with this lending syndicate.
Click here to read the full Alacer Gold Corp. (TSX:ASR,ASX:AQG) press release.