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Mountain Province Diamonds Closes Offering of New US$330,000,000 Senior Secured Second Lien Notes
Mountain Province Diamonds Closes Offering of New US$330,000,000 Senior Secured Second Lie...
About this update from Mountain Province Diamonds Inc.
[{"type":"text","content":"\n\n\n\nMountain Province Diamonds Closes Offering of New US$330,000,000 Senior Secured Second Lien Notes\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen1{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; BORDER-BOTTOM:1pt; BORDER-LEFT:1pt\n}\n.prngen2{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO and NEW YORK, Dec. 11, 2017\n\n\n\nShares Issued and Outstanding: 160,245,166TSX and NASDAQ: MPVD\n\n\n\nTORONTO and NEW YORK, Dec. 11, 2017 /CNW/ - Mountain Province Diamonds Inc. (\"Mountain Province\", the \"Company\") (TSX and NASDAQ: MPVD) today announces the closing of its previously announced private offering of US$330,000,000 senior secured second lien notes due December 15, 2022 (the \"Notes\").  The Notes will accrue interest at a coupon rate of 8.0% per year, payable semi-annually in arrears.\n\nSaid David Whittle, the Company's Interim President and Chief Executive Officer, \"With the successful completion of this Note offering, the Company's project lending facility is now fully resolved, eliminating all cash reserve account requirements and lender-approval restrictions, as well as any further need for bank waivers.  We look forward to entering the coming new year with strongly performing operations, high margins and a healthy balance sheet.\"\n\nThe Company will host a conference call to discuss the completed Note offering on Wednesday, December 13, 2017 at 11 am Eastern time.  Please call in 10 minutes before the conference call starts and stay on the line.  Operator assistance will be available if necessary.\n\n\n\n\nDial-In Numbers:\n\n\n\n\nToll-Free Participant Dial-In North America:\n\n\n+1-866-300-0510\n\n\n\nAll International Participants Dial-In:\n\n\n+1-636-812-6656\n\n\n\n\n\n\nConference ID: 9998905\n\n \n\nA ...