MAC Copper Amend Loan Agreement for Early Repayment Option

MT Newswires Live12-17

MAC Copper (ASX: MCC) has amended its mezzanine debt facility with Sprott Private Resource Lending II, granting the mining firm the option for early repayment, according to a Tuesday filing with the Australian bourse.

Under the newly signed Amendment Deed, MAC can repay the loan in full between Jan. 1, 2025, and Jun .16, 2025, with the option but not the obligation to do so, the filing said.

The amendment has been approved by MAC's secured financiers, including senior lenders, Osisko Bermuda, and Glencore.

Should MAC exercise this early repayment option, it will need to pay the full outstanding principal of about $145.3 million as of Oct. 31, along with a 4% prepayment interest premium, any remaining interest payments due, and Sprott's legal expenses, the filing added.

Shares of the company fell 3% on market close.

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