, Nov. 29, 2023 - - Champion Iron Ltd. is pleased to announce that its subsidiary, Iron Ore Inc. , has agreed with its syndicate of lenders led by Societe Generale and Bank of Nova Scotia to extend the maturity of its existing US$400 million. - Veroeffentlicht am 29.11.2023
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Societe Generale Arranges $200MM Syndicated Upsize for Champion Iron
December 24, 2020, 08:00 AM
Champion Iron Limited announced that its subsidiary Quebec Iron Ore Inc. ( QIO ), the operator of the Bloom Lake Mining Complex, has successfully completed the previously announced amendment and increase to its existing credit facilities (the Credit Facility ) from $200 million to $400 million (the Refinancing ). With the additional proceeds under the amended Credit Facility, in addition to its cash on hand and ongoing cash flows from operations, the Company expects the completion of the Bloom Lake Phase II expansion project (the Phase II ) to be fully funded, which aims to double the nameplate capacity of Bloom Lake to 15 Mtpa of high-grade iron ore concentrate.