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PROJECT FINANCE

IAMGOLD takes US$400M loan to bolster balance sheet

Liquidity in place for final year of Côté build

Paul Harris
IAMGOLD's Côté in Ontario, Canada

IAMGOLD's Côté in Ontario, Canada

The five-year loan will bear interest at SOFR + 8.25%, subject to a 2% SOFR floor, and will be: secured by a second-ranking lien on all IAMGOLD's assets. IAMGOLD must maintain a minimum liquidity of $150...

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