On July 12, 2021, Lucara Diamond Corp. ("Lucara") secured senior project financing debt of US$220 million between Lucara Botswana Proprietary Limited as the Borrower and a syndicate of five mandated lead arrangers ("MLAs"). The MLAs were: African Export-Import Bank (Afreximbank), Africa Finance Corp., ING, Natixis, and Societe Generale, London Branch. Afreximbank is acting as Facility Agent in connection with the financing.
Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Mine in Botswana.
David Ferris advised the syndicate of lenders on Canadian matters in connection with this debt financing.
Jurisdiction
- Ontario
