By: Staff Writer
Australian mining company Paladin Energy has secured a N$2.8 billion syndicated debt facility in preparation for the restart of the commercial production at its Langer Heinrich uranium mine in the Erongo region.
The debt facility was orchestrated through Nedbank Limited, operating via its corporate and investment banking division (Nedbank CIB), and Macquarie Bank Limited, with Nedbank CIB serving as the lead arranger and bookrunner.
The loan consists of a N$1.8 billion (U$100 million) amortising term loan (Term Facility) with a 5-year term and a N$946 million (U$50 million) revolving credit facility (Revolving Facility) with a 3-year term (with two options to extend by 12 months).
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