Leagold Mining closes on loans for projects in Mexico, Brazil

Leagold Mining closes on loans for projects in Mexico, Brazil

Capital Markets Debt Loans Project & Infrastructure Finance

Canadian miner Leagold Mining has signed a $400m, 5.5-year club loan to refinance existing debt and fund expansion.  The package includes a $200 million term loan and a $200 million revolving facility. ING, Investec Bank, MUFG, Natixis and Societe Generale issued the loan, while Societe Generale also acted as administrative agent, sources told LatinFinance. Pricing details could not be immediately obtained.  The law firm Galicia Abogados acted as legal counsel. The loans replace $238 million

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