NQ refinances $60M debt

TASMANIAN miner NQ Minerals has struck a US$60 million deal to refinance its debt load, taken on to restart the Hellyer operation.

NQ refinances $60M debt NQ refinances $60M debt NQ refinances $60M debt NQ refinances $60M debt NQ refinances $60M debt

Hellyer has proved to be profitable.

The junior has signed a definitive term sheet with offtake partner Traxys and an undisclosed European bank for a new six-year amortising loan with a coupon rate of Libor + 5%.

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