Avanti arranging $612M in financing for Kitsault Mine

Jul 30, 2014 | 02:43 PM | Daniel Fitzgerald

Tags  Avanti, Kitsault, financing, funding, debt financing facility, molybdenum, Gordon Bogden, Daniel Fitzgerald

NEW YORK — Avanti Mining Inc. is arranging a $612-million secured debt financing facility to fund the construction of its Kitsault molybdenum mine in British Columbia.

The company has entered into a debt financing mandate letter with a syndicate of six lenders: Paris-based BNP Paribas SA; Nashville, Tenn.-based Caterpillar Financial Services Corp.; Ottawa, Ontario-based Export Development Canada; Seoul, South....

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