This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Kinross increases credit to $450-million (U.S.) 2009-11-05 18:18 ET - News Release Mr. Steve Mitchell reports KINROSS ANNOUNCES UNSECURED US$450 MILLION CREDIT FACILITY
Kinross Gold Corp. has entered into an amended revolving credit facility which includes an increase of available credit to $450-million (U.S.), on an unsecured basis, from $404-million (U.S.) under its previous secured facility.
The new facility will expire in November of 2012. The term loan for the Paracatu property forms part of the revolving credit facility and that credit will be available to the company as the term loan is repaid. The new credit agreement was led and arranged by Scotia Capital and by Bank of America Merrill Lynch.
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