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

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 ...