NQ Minerals

NQ Minerals - TL

Borrower (s)
NQ Minerals
Industry
Metals and Mining/Minor & precious metals
Area of finance
Commodity Trade Finance
Country
United Kingdom

Deal Overview

London-headquartered NQ Minerals has closed a banking refinancing facility with ING. The six-year facility, with an interest rate of 6.5% plus US LIBOR, will assist with the restructuring of the corporate debt that was put in place during 2017 and 2018 to start mining operations at NQ's Hellyer...

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London-headquartered NQ Minerals has closed a banking refinancing facility with ING. The six-year facility, with an interest rate of 6.5% plus US LIBOR, will assist with the restructuring of the corporate debt that was put in place during 2017 and 2018 to start mining operations at NQ's Hellyer Gold Mine in Tasmania, Australia.

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Deal Volume
$ 41m
Financial Close
16 July 2020

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