trending Market Intelligence /marketintelligence/en/news-insights/trending/qJojo5fEgIeZNjp_3TdWyg2 content esgSubNav
In This List

KAZ Minerals increases pre-export loan facility to US$600M

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


KAZ Minerals increases pre-export loan facility to US$600M

KAZ Minerals PLC amended its pre-export finance loan facility, increasing the facility commitments to US$600 million and extending the maturity of the existing facility by 2.5 years from December 2018 until June 2021.

Under the revised repayment schedule, principal repayments will start in July 2018 and continue in equal monthly installments over three years until final maturity in June 2021.

The balance of the US$600 million over the US$224 million outstanding under the existing facility, as at May 31, can be drawn over a six-month period until December.

"Financial covenants have been revised in the new [pre-export facility] to increase headroom as the group's new mines at Bozshakol and Aktogay continue to ramp up production," KAZ said in the June 9 statement.

The refinancing was coordinated by Deutsche Bank AG, ING Bank and Société Générale Corporate & Investment Banking acting as coordinating mandated lead arrangers and book runners.