Lundin Mining Announces Closing of $800 Million Term Loan with Additional $400 Million Accordion Available
TORONTO, July 27, 2023 /CNW/ - (TSX: LUN; Nasdaq Stockholm: LUMI) Lundin Mining Corporation (“Lundin Mining” or the “Company”) is pleased to announce the closing of a three-year term loan (“Term Loan”) in a principal amount of $800 million, with an additional $400 million accordion becoming available upon receipt of additional binding commitments and closing of up to an additional nineteen (19%) interest in SCM Minera Lumina Copper Chile (“Lumina Copper”) and satisfaction of relevant conditions precedent. The Company has used the Term Loan to refinance the drawdown under the existing