Archipelago digs up new $160m loan

Archipelago Resources, the London listed gold miner, has signed a new agreement for $160m of corporate financing.

  • 28 May 2013

The five year revolving credit line has been agreed between Archipelago subsidiaries and Standard Chartered and Bank Permata. The borrower can draw up to $100m now and can use the remaining $60m after obtaining the necessary approvals.

The borrower will initially draw down $43.5m of the facility to ...

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