Mirabela Nickel Ltd. - Revised repayment terms on US$50M debt facility
PERTH, Australia, Feb. 5, 2013 /CNW/ - Mirabela Nickel Limited ("Mirabela" or
the "Company") (ASX: MBN, TSX: MNB) is pleased to announce that it has
successfully negotiated revised repayment terms on its US$50 million debt
facility with Banco Bradesco S.A. ("Bradesco").
The revised repayment terms are:
January 2014 US$ 16.7 million
July 2014 US$ 16.7 million
December 2014 US$ 16.6 million
Interest remains payable bi‐annually at a rate of LIBOR plus 6%. The loan is
unsubordinated and secured by a Guarantee from Mirabela Nickel Ltd and a
fiduciary assignment on the Votorantim receivables. These terms are
During January 2012, the Company's Brazilian subsidiary, Mirabela Mineração
Ltda, entered into the US$50 million, 35 month working capital facility with
Bradesco. The principal was originally repayable in instalments split 50% in
month 12, and the remainder in equal instalments in months 24, 30 and 35.
Chris Els Chief Financial Officer & Company Secretary Telephone: +61 439 930
333 firstname.lastname@example.org John Stamopoulos General Manager Commercial
Telephone: +61 406 424 916 email@example.com
SOURCE: Mirabela Nickel Ltd.
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CO: Mirabela Nickel Ltd.
NI: MNG LOAN MNA
-0- Feb/05/2013 04:13 GMT
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