https://newsletter.mw.creamermedia.com

Lundin upsizes credit facility to $4.5bn

27th February 2026

By: Creamer Media Reporter

     

Font size: - +

Canadian base metals producer Lundin Mining has increased its unsecured revolving credit facility, lifting the total committed amount to $4.5-billion and extending the maturity to February 26, 2031.

The company announced on Thursday that it had successfully amended the facility, increasing it from $1.75-billion to $4.5-billion, as previously indicated.

Initially, Lundin will have access to $2.25-billion. Subject to certain conditions, the facility will expand to $3.5-billion and, upon sanctioning Stage 1 of the Vicuña project, will increase to the full $4.5-billion.

The upsized facility strengthens Lundin’s liquidity position as it advances its growth strategy, including development activities in the Vicuña district on the Argentina-Chile border, where the company holds a 50% interest in what is regarded as one of the world’s largest copper, gold and silver projects.

The Bank of Nova Scotia acted as administrative agent, joint bookrunner and joint lead arranger, with ING Capital as syndication agent, joint bookrunner and joint lead arranger. Bank of Montreal served as documentation agent and joint bookrunner and joint lead arranger. National Bank of Canada and Canadian Imperial Bank of Commerce also acted as joint bookrunners and joint lead arrangers.

Lundin, which operates three mines in Brazil and Chile, has set out a strategy to become a top ten global copper producer, underpinned by organic growth and project development.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest Multimedia

Gold and platinum developments make headlines
Gold and platinum developments make headlines
Updated 1 hour 40 minutes ago

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Columbus Stainless
Columbus Stainless

Columbus Stainless, based in Middelburg, Mpumalanga, is Africa’s only producer of stainless steel flat products. In addition, Columbus is the only...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.077 0.159s - 126pq - 2rq
Subscribe Now