Post by
Sparkersss on Jun 07, 2012 9:43am
Competitive interest rates
The Company is in advanced discussions with international and domestic Korean banks for a project debt facility of US$80 to US$110 million dollars. Indicative term sheets have been received for debt suggesting very competitive interest rates. Indications are that the banks are comfortable with the Sangdong project and it is expected that the debt package will be closed about the same time as the strategic deal is finalised. Woulfe anticipates banks moving to complete due diligence in the next 60 days
Comment by
Majormac79 on Jun 07, 2012 8:28pm
dont forget IMC has the right to meet or beat any bank offer
Comment by
bravura on Jun 07, 2012 8:37pm
Anyone know how I could get in on that Convertible Debt action?
Comment by
James54 on Jun 07, 2012 11:39pm
This post has been removed in accordance with Community Policy