De Beers nears refi after shareholders inject $1bn
De Beers is close to completing a $3bn refinancing and has already agreed a term sheet with lenders, it said on Thursday when it also announced a $1bn cash injection from its three shareholders.
The company, severely hit by falling demand for rough diamonds in late 2008 and in 2009, expects a new facility to be signed by the end of March. The banks in its syndicate have been given credit approval.
De Beers $3bn revolver is split equally between a tranche due
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