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| Home : Hudbay Receives US$130 Million Commitment for Equipment Financing Facility |
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Jun 11
2013 |
Hudbay Receives US$130 Million Commitment for Equipment Financing Facility |
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TORONTO, ONTARIO--(Marketwired - June 11, 2013) - HudBay Minerals Inc. ("Hudbay") (TSX:HBM)(NYSE:HBM) today announced it has received a commitment from Caterpillar Financial to provide an equipment financing facility for the mobile fleet at its Constancia project in southern Peru. The equipment financing facility will cover approximately US$130 million of equipment manufactured by Caterpillar and others, subject to completion of definitive documentation and other customary conditions precedent, including compliance requirements under applicable laws. Loans pursuant to the equipment financing facility are expected to have a term of six years and be secured by the Constancia mobile fleet. Completion of the facility is expected in the third quarter of 2013. |
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| Source:http://www.marketwire.com/mw/release.do?id=1800344&sourceType=3 |
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