Amaroq Minerals secures a $35M revolving credit facility with Landsbankinn, replacing an undrawn $18.5M credit.
Amaroq Minerals, a mine dev company in Southern Greenland, agreed on a $35M revolving credit facility with Landsbankinn, replacing an undrawn $18.5M credit for construction. The new financing boosts Amaroq's financial flexibility, with a $28.5M facility at 9.5% margin (7.5% if criteria met) and a $6.5M facility for general purposes. The final deal, subject to current debt holders, is expected to be completed by year-end.
July 02, 2024
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