NQ Minerals Plc
NQ Minerals USD 41 million Debt Restructuring with ING Bank
London, United Kingdom – July 16th, 2020 – NQ Minerals Plc (AQSE:NQMI, OTCQB:NQMLF, OTCQB:NQMIY) (“NQ” or the “Company”) announces that ING Bank N.V. (“ING”), a leading global resources bank, has today committed to provide NQ with a USD 41 million banking refinancing facility (“facility”) to assist with the restructuring of the corporate debt that was put in place during 2017 & 2018 to start the mining operations at the Company’s flagship Hellyer Gold Mine (“Hellyer”) in Tasmania, Australia.
The ING facility will have a legal maturity of 6 years at an interest rate of 6.5% plus US LIBOR (1 month). The facility drawdown is now only subject to completion of fina…
Read the full article at: https://www.marketscreener.com/news/NQ-Minerals-USD-41-million-Debt-Restructuring-with-ING-Bank–30933146/