Breaking News

Tweet TWEET

Mirabela Nickel Ltd. - Revised repayment terms on US$50M debt facility

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 
unchanged. 
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 shanik@mirabela.com.au  John Stamopoulos General Manager Commercial 
Telephone: +61 406 424 916 shanik@mirabela.com.au 
SOURCE: Mirabela Nickel Ltd. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/February2013/04/c3084.html 
CO: Mirabela Nickel Ltd.
NI: MNG LOAN MNA  
-0- Feb/05/2013 04:13 GMT