MMG (01208) has announced that its non-wholly owned subsidiary, Minera Las Bambas S.A., has entered into a revolving credit facility agreement with Industrial and Commercial Bank of China (Asia) Limited and Bank of Communications Co., Ltd. (through its overseas financial center).
Under the terms of the agreement, the lenders have extended a three-year revolving credit facility of $350 million to the borrower, which will be utilized to meet general funding requirements.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.