TORONTO, ONTARIO--(Marketwired - Oct. 20, 2016) - Lundin Mining Corporation (TSX:LUN)(OMX:LUMI) ("Lundin Mining" or the "Company") announces that it has executed an amending agreement to its US$350 million revolving credit facility (the "Facility") that reduces the costs of borrowing and extends the term to June 2020, from October 2017. The amending agreement contains additional revisions, including amending certain mandatory prepayment clauses and provides for an increase in the leverage ratio for four quarters following a significant acquisition.
Ms. Marie Inkster, Senior Vice President and Chief Financial Officer, commented, "We are grateful for the ongoing support of our lenders. This low-cost facility, combined with our favourable net debt position and cash flow from operations, offers Lundin Mining significant financial flexibility to pursue opportunities in the future."