The US$162.5 million of new debt will together with existing cash and the net operating cashflows, since Kipoi is an operating mining project, provide the funding required to meet budgeted outgoings in the financial plan, including the planned expansion capex.
It is expected that IFC will provide US$40.5 million of the new debt financing to SEK, and in addition can invest up to US$5 million in new Tiger equity. The Taurus Mining Fund (“Taurus”) will provide US$122 million of the debt. Taurus currently has US$100 million of short term debt outstanding to Tiger, which will be rolled into the long term financing.
Deal is done for sure.. Capital raising was the 5mil.. got me scared there for a second.
http://ifcextapps.ifc.org/IFCExt/sp...B569169B2853B37E85257EE60046FA4D?opendocument
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