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MAC Copper Secures Agreement With Sprott To Permit Early Repayment Of $145M Mezzanine Loan

Author: Benzinga Newsdesk | December 17, 2024 07:08am

If MAC chooses to repay the facility early, it will be required to pay:

  • The full principal outstanding, including all capitalized interest (as of 31 October 2024, the outstanding principal was US$145,338,650);
  • A prepayment interest premium of 4% on the aggregate principal;
  • All remaining cash interest payments that would otherwise have been payable between 1 January 2025 and 16 June 2025; and
  • Sprott's legal expenses, as stipulated in the mezzanine facility agreement.

Posted In: MTAL


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