MMG (01208) subsidiary awarded US$125 million revolving loan.
Minmetals Resources Limited (01208) announced that its non-wholly owned subsidiary, Minera Las Bambas S.A. (Borrower), has entered into a revolving loan agreement (Revolving Loan Agreement) with China Construction Bank (Asia) Corporation Limited (Lender). Under the Revolving Loan Agreement, the Lender has granted the Borrower a revolving loan in the amount of $125 million for a period of three years, for general funding purposes. The revolving loan can be drawn down during the financing period, and amounts that have been repaid can be drawn down again.
MMG (01208) announced that its non-wholly owned subsidiary, Minera Las Bambas S.A. (the borrower), has signed a revolving loan agreement (the loan agreement) with China Construction Bank Corporation (Asia) Limited (the lender). According to the loan agreement, the lender has granted the borrower a revolving loan of $125 million for a period of three years to be used for general funding requirements. The revolving loan can be drawn down during the financing period, and amounts that have been repaid can be redrawn.
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