Latin America-focused zinc producer Nexa Resources said on Friday it had successfully closed a $320-million sustainability-linked revolving credit facility.
The new facility has a term of five years and the amounts drawn are subject to an initial interest rate of 1.6% plus term secured overnight financing rate (SOFR).
“The new sustainability-linked revolving facility supports Nexa’s liquidity profile and is linked to its environmental commitments.
“We appreciate this continued vote of confidence from our lenders in our company,” said Nexa senior VP of finance Jose Carlos del Valle.
The new facility replaces Nexa’s 2019 $300-million revolving credit facility, which was set to mature in October 2024.
Nexa owns and operates five long-life mines, three of which are located in the central Andes region of Peru, and two of which are located in the state of Minas Gerais in Brazil. Nexa is ramping up Aripuanã, its sixth mine, in the state of Mato Grosso in Brazil.
Nexa also owns and operates three smelters, two of which are located in the state of Minas Gerais, and one of which is located in Cajamarquilla in Peru, which is the largest smelter in the Americas. 