North American Palladium obtains debt financing from Brookfield
Toronto-based North American Palladium Ltd. (NAP), a precious metals producer focused on its Lac des Iles mine in Ontario, has obtained a US$130 million senior secured term loan from Brookfield Capital Partners, the private equity group of Brookfield Asset Management. NAP will use the proceeds of the debt financing, which matures in 2017, to repay senior secured notes, fund capital expenditures related to expanding the company's Ontario mining project, and for general business purposes.
12 June 2013•5 mins read
