Kenmare Resources taps syndicate of international banks for new $200m debt facility

The Irish mining group said the new revolving credit facility will be used to finance future capital projects and expansion

Kenmare Resources, the Irish mining company, has tapped a consortium of international banks to secure a new $200 million debt facility.

On Tuesday, the listed mining group announced it had agreed a five year revolving credit facility worth up to $200 million with a syndicate of four international banks; Absa, Nedbank, Rand Merchant Bank and Standard Bank.

Kenmare said the new debt facility, which includes an overnight interest rate of 4.85 per cent, will replace ...