FQM has solidified their credit facility. Ready to spend.
Press release from Marketwire
First Quantum Minerals Announces Amendment and Restatement of Its $2.5 Billion Revolving Credit Facility
Wednesday, October 30, 2013
First Quantum Minerals Announces Amendment and Restatement of Its $2.5 Billion Revolving Credit Facility
09:15 EDT Wednesday, October 30, 2013
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 30, 2013) -
(In United States dollars, except where noted otherwise)
First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) (LSE:FQM) First Quantum Minerals Ltd is pleased to announce that its wholly-owned subsidiary, FQM (Akubra) Inc, has today signed a Deed of Amendment and Restatement to its $2.5 billion Revolving Credit Facility (the "Facility") provided by Standard Chartered Bank whereby the Facility has been extended to June 30, 2014 . As such, the reductions to the Facility of $1.25 billion at December 31, 2013 and $1.25 billion at March 26, 2014 are no longer required. All other terms of the Facility remain unchanged.
The Company also notes that it is in discussions with Standard Chartered Bank and its other relationship banks to restructure its various debt facilities to appropriately provide for its long-term capital requirements.
On Behalf of the Board of Directors of First Quantum Minerals Ltd.
G. Clive Newall, President
