Finland’s Talvivaara digs up Eu100m for nickel mine

01 Jul 2010

Mining company Talvivaara signed a Eu100m revolver on Wednesday to complete its development of a nickel mine in central Finland.

Nordea, Sampo Bank and Svenska Handelsbanken are mandated lead arrangers on the facility, which is understood to be a club deal.

The three year revolver pays Euribor plus 350bp until December 31. The margin varies between 175bp and 300bp thereafter, depending on the company’s leverage ratio. Talvivaara will pay ...

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