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home / news releases / CA - Foran obtains $150M project finance credit facility

CA - Foran obtains $150M project finance credit facility

CA Inc.
  • Foran Mining ( OTCQX:FMCXF ) closes a $150M senior secured project credit facility with a fund managed by Sprott Resource Lending.
  • Funds from the credit facility will be used towards construction of the McIlvenna Bay project in east-central Saskatchewan as well as general corporate purposes.
  • The credit facility consists of a $150M non-revolving project credit facility with a maturity date of September 30, 2030.
  • The company has received an initial advance of $29.5M.
  • Interest shall accrue at a floating rate equal to 6.95% per annum plus the greater of SOFR and 2.00% per annum.

For further details see:

Foran obtains $150M project finance credit facility
Stock Information
Company Name: CA Inc.
Stock Symbol: CA
Market: NASDAQ
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