African Minerals passes halfway mark for commitments on its $500m two year loan

African Minerals, an iron ore project development company, has raised $370m in commitments for its $500m two year loan, according to the company.

  • 10 Dec 2010

The facility is scheduled to close on December 31 and the firm anticipates further commitments to the transaction before then.

The margin of the loan has been reduced from 12.7% to 12.1%, with all-in pricing coming under 18% following some changes to the terms, including a reduced lead arranger ...

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