News
27 March 2018

PolyMet restructures its Glencore borrowings

In:
Metals and Mining

PolyMet Mining has negotiated a 12-month payment extension and reduction in interest rates on $152 million of debt owed to Glencore. The pricing has been cut from 1500bp over 12-month dollar Libor to 1000bp and the tenor extended to 31 March 2019. The borrower also secured a commitment for an...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
13 June 2024

The TXF Export Finance Survey pt 2: Geopolitical turmoil

All geopolitical crises are not alike. The issues affecting the market in 2023 may have profound macroeconomic effects, but they have limited direct impacts on export finance.

Perspective
20 June 2024

The TXF Export Finance Survey pt 3: Centring sustainability?

There’s agreement between lenders, ECAs and borrowers that sustainability needs to be at the heart of the export finance market. But they remain some distance apart on pricing...