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Mandalay gets US$65M credit facility, hedges

Mandalay Resources has entered into credit transactions totalling US$65 million to refinance and pay down debt and will implement hedging programmes.

Mandalay gets US$65M credit facility, hedges Mandalay gets US$65M credit facility, hedges Mandalay gets US$65M credit facility, hedges Mandalay gets US$65M credit facility, hedges Mandalay gets US$65M credit facility, hedges

Costerfield in Victoria, Australia

The company obtained $25 million in a senior secured revolving credit facility and $40 million in a senior secured term credit facility with HSBC Bank Canada and Macquarie Bank.