Centerra Gold Announces US$150 Million Project Financing Facility for the Oksut Project - "Centerra Gold Inc. (CG.TO) announced today that its wholly-owned Turkish subsidiary Öksüt Madencilik Sanayi ve Ticaret A.S. ("OMAS") has entered into a project financing term loan facility for its Öksüt Project in Turkey (the "Facility"). The Facility is secured by the Öksüt assets and is non-recourse to Centerra. The 5.75-year term facility of up to $150 million is fully underwritten by UniCredit Bank AG as sole mandated lead arranger and bookrunner. The interest rate is LIBOR plus 2.65% to 2.95% (dependent on project completion status) with no mandatory gold hedging requirements. Advances under the Facility are subject to customary conditions precedent including receipt of applicable project permits and approvals." More
- 04/05/16 | Item |


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