| Home : North American Palladium Announces an Additional US$21 Million in Cash Received from Brookfield |
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Dec 02
2013 |
North American Palladium Announces an Additional US$21 Million in Cash Received from Brookfield |
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TORONTO, ONTARIO--(Marketwired - Dec. 2, 2013) - North American Palladium Ltd. ("NAP" or the "Company") (TSX:PDL)(NYSE MKT:PAL) announced today that it has amended its US$130 million senior secured term loan with Brookfield Capital Partners Ltd. ("Brookfield") resulting in an additional advance of US$21.4 million of cash to support working capital needs and continue funding operating and capital expenditures at its Lac des Iles ("LDI") palladium mine. The cash received consists of an additional US$15 million added to the existing facility and a refund of US$6.4 million of cash interest previously paid to Brookfield. |
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| Source:http://www.marketwired.com/mw/release.do?id=1857988&sourceType=3 |
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