Lucara Signs US$220 Million Senior Debt Facilities for Financing of the Underground Expansion and Ongoing Operations of the Karowe Mine
VANCOUVER, July 12, 2021 /CNW/ - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) Lucara Diamond Corp. (“Lucara” or the “Company”) is pleased to announce that it has signed loan documentation in relation to its previously announced senior secured project financing debt package of US$220 million (the “Facilities”) between Lucara Botswana Proprietary Limited (“Lucara Botswana”) as the Borrower and a syndicate of five mandated lead arrangers (“MLAs”). The MLAs are: African Export-Import Bank (Afreximbank), Africa Finance Corp., ING, Natixis, and Societe Generale, London Branch. Afreximbank