Business
Lundin Mining Receives Commitments to Increase its Existing Credit Facility to $4.5 Billion
(TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce that the Company has received commitments from 17 lenders to upsize and amend its existing revolving credit facility ("Credit Facility") to $4.5 billion to facilitate funding of the Vicuña Project as well as for general corporate purposes. The commitments are subject to the execution and delivery of definitive documentation satisfactory to the Company and the Credit Facility le
About this update from Lundin Mining Corporation
[{"type":"image","alt":"Lundin Mining Corporation Logo (CNW Group/Lundin Mining Corporation)","displaySize":"","headline":null,"caption":"Lundin Mining Corporation Logo (CNW Group/Lundin Mining Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":211,"height":30,"url":"https://media.zenfs.com/en/cnwgroup.com/c4c0e33b3c9a941c59f2d9cbacdd6d7a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/pnEwLrJoQUJGgao1kZE_kw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTYwO2NmPXdlYnA-/https://media.zenfs.com/en/cnwgroup.com/c4c0e33b3c9a941c59f2d9cbacdd6d7a","width":211,"height":30}},"href":"https://mma.prnewswire.com/media/2903448/Lundin_Mining_Corporation_Lundin_Mining_Receives_Commitments_to.html","hrefExternal":true,"rel":"nofollow","lazy":false},{"type":"text","content":"VANCOUVER, BC, Feb. 12, 2026 /CNW/ - (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce that the Company has received commitments from 17 lenders to upsize and amend its existing revolving credit facility ("Credit Facility") to $4.5 billion to facilitate funding of the Vicuña Project as well as for general corporate purposes. The commitments are subject to the execution and delivery of definitive documentation satisfactory to the Company and the Credit Facility lenders, and the fulfillment of customary conditions precedent. All monetary amounts in this news release are expressed in United States dollars unless otherwise indicated.","length":748,"tagName":"p"},{"type":"text","content":"Total commitments amount to $4.5 billion, with the Company initially having access to $2.25 billion. Upon satisfaction of certain conditions, the Credit Facility will expand to $3.5 billion, and upon sanctioning Stage 1 of the Vicuña Project, will increase to the full $4.5 billion. In addition, the maturity date will be extended to 2031. Pricing remains unchanged from the current facility and is based on a sliding scale, with margins ranging from 1.45% to 2.50% over adjusted SOFR, depending on the Company's leverage ratio.","length":532,"tagName":"p"},{"type":"text","content":"Teitur Poulsen, Chief Financial Officer, commented "The upsizing of our Credit Facility to $4.5 billion is one of the cornerstones to advancing the Vicuña Project and keeps us on track of our goal to b...