OceanaGold announces corporate credit facility refinancing

OceanaGold has completed its arrangement for a $200 million corporate revolving credit facility.

This new agreement is designed to replace existing facilities that are due to mature on 30 June 2015.

The new facility will be used to repay the existing term facility of $117.8 million, and replaces the existing undrawn revolving facility of $50 million.

It is backed by a banking syndicate consisting of Barclays Bank, BNP Paribas, Citibank, HSBC, and Nedbank Capital.

Legal advice was provided by Allens, and Glibert + Tobin Lawyers.

It is due to mature on 30 June 2017.

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