Brilliant.
The addition of the IFC into the facility gives Tiger a lot of 'political risk' protection in the DRC. Once the IFC secures credit approval, the 30 day public exhibition period is typically a formality - so this deal will get done. Instos are going to like this addition as it de-risks their investment significantly.
Interest only period of 12 months allows the company plenty to time to build a cash buffer.
Debt term is extensive and means that the balance sheet is secure from re-fi risk.
Brilliant. The addition of the IFC into the facility gives Tiger...
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