MAC Copper Lands New Debt Facilities

MT Newswires Live03-13

MAC Copper (MTAL) said late Wednesday it has secured new debt facilities consisting of a $159 million term loan facility, an upsized $125 million revolving credit facility extended to March 14, 2028, and a 45 million-Australian-dollar ($28.3 million) environmental bond now provided by three Australian banks.

The company's old facilities comprised a $159 million term loan facility, an undrawn $25 million revolver, a $145 million mezzanine facility and a A$45 million environmental bond.

MAC said it exercised its right to fully repay its mezzanine debt facility with Sprott by paying it $160.1 million.

The company's shares were up 1.6% in recent premarket activity Thursday.

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