Capstone Copper

Capstone Copper - TL

Borrower (s)
Capstone Copper
Industry
Metals and Mining/Base metals
Area of finance
Commodity Trade Finance
Region
North America
Countries
United States

Deal Overview

4-year senior secured syndicated revolving credit facility for Capstone Copper. Use of proceeds is for general corporate purposes. Financial covenants include a 3.50x Maximum Total Net Leverage ratio and a 2.50x Minimum Interest Coverage ratio, tested quarterly. If the Borrowers issue more than...

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4-year senior secured syndicated revolving credit facility for Capstone Copper. Use of proceeds is for general corporate purposes. Financial covenants include a 3.50x Maximum Total Net Leverage ratio and a 2.50x Minimum Interest Coverage ratio, tested quarterly. If the Borrowers issue more than $300,000,000 of permitted subordinated debt, the Maximum Total Net Leverage ratio increases to 4.00x and a 3.00x Maximum Senior Secured Leverage ratio becomes effective, tested quarterly.

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Deal Volume
$ 500m
Financial Close
12 May 2022
Sources
Submitted by participant(s)

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