US$300M Loan Facility Secured
KML has executed a binding Facility Agreement with China Merchants Bank (CMB) – Hong Kong Branch for a new
US$300 million Fixed Term Loan Facility (“Facility”) to meet the previously outlined funding shortfall for the Karara
Project (see ASX Release – 10 March 2014). The first drawdown of the Facility was made on 13 May 2014.
The Facility has been arranged by Ansteel, which has demonstrated its continued strong support of the Karara
Project.
Got to be positive?
US$300M Loan Facility Secured KML has executed a binding...
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