April 20, 2018 |
Bank of Montreal (BMO) and Natixis have joined an 8.5-year syndicated loan for Canada's Lundin Gold to develop the Fruta del Norte gold mine in Ecuador.
The two banks will contribute an additional $50m and increase the size of the facility to $350m, Lundin Gold said in a press release.
Cat Financial, ING, KfW, Scotiabank and Société Générale are the other lenders in the loan.
The loan remains subject to the completion of definitive documentation, a comprehensive intercreditor agreement, a guara
BMO and Natixis chip in another $50m and increase the facility to $350m