Business
Repayment of syndicated loan
Repayment of syndicated loan.
About this update from Hochschild Mining Plc
[{"type":"text","content":"\n RNS Number : 5102A Hochschild Mining PLC 02 February 2011 \n \n\n \n \n______________________________________________________________________ \n \n2 February 2011\n \n \nRepayment of existing syndicated loan of US$114.3m\n \n \nHochschild Mining plc (\"Hochschild\" or \"the Company\") announces that it has repaid its entire existing syndicated loan facility of US$114.3m. \n \nThe loan facility was arranged with a syndicate of lenders with JP Morgan Chase Bank N.A. acting as the Administrative Agent. During 2009, the Company also signed a swap contract with BBVA and Citibank to fix the interest rate and therefore with the repayment of the loan facility, Hochschild has also negotiated to cancel the swap contract at a cost of US$1.7m.\n \n \n \n______________________________________________________________________\n \n \nEnquiries\n \nHochschild Mining plc\nCharles Gordon +44 (0)20 7907 2934\nHead of Investor Relations \n \nFinsbury\nFaeth Birch +44 (0)20 7251 3801\nPublic Relations \n \n \n_________________________________________________________...