Capstone Copper Increases, Extends Revolving Credit Facility

MT Newswires Live

May 07, 2025

Capstone Copper (ASX:CSC) has amended its existing revolving credit facility, increasing the aggregate commitments from $700 million to $1 billion and extending the maturity from September 2027 to May 2029, according to a Wednesday filing with the Australian bourse.

The amended facility will bear interest on a sliding scale of adjusted term secured overnight financing rate plus a margin of 1.75% to 2.75%, the filing said.

Funds from the facility will be used to refinance the company's debt at its Mantoverde open-pit mine in Chile, the filing added.

The Canadian Imperial Bank of Commerce was the administrative agent and joint bookrunner, while The Bank of Nova Scotia and ING Capital also served as joint bookrunners and co-lead arrangers.

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