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BRIEF-First Quantum says completed new term loan and revolving credit facility

Published 2016-05-31, 02:23 a/m
© Reuters.  BRIEF-First Quantum says completed new term loan and revolving credit facility
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May 31 (Reuters) - First Quantum Minerals Ltd FM.TO
* Completed a new term loan and revolving credit facility
with its core relationship banks
* New facility replaces existing $3 billion facility
* New $1.82 billion facility comprises $907.5 million term
loan facility, and $907.5 million revolving credit facility
* Under new facility, current net debt to ebitda covenant
ratio of 5.5x will now be maintained until q3 2017
* Facility will leave company with approximately same
liquidity within next 12 months

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Further company coverage: FM.TO

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