The company has announced that its non-wholly owned subsidiary, Minera Las Bambas S.A., as the borrower, has entered into a revolving credit facility agreement with China Construction Bank (Asia) Corporation Limited, the lender.
Under the terms of this agreement, the lender has provided the borrower with a three-year revolving credit facility amounting to $125 million. This facility is intended to meet general funding requirements.
The funds under the revolving credit are available for drawdown throughout the financing period. Amounts that have been repaid can be redrawn, making the facility reusable.
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