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Lundin Mining Says Received Commitments to Increase its Existing Credit Facility to US$4.5 Billion
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Lundin Mining Says Received Commitments to Increase its Existing Credit Facility to US$4.5 Billion
Mar 11, 2026 4:07 AM

07:16 AM EST, 02/13/2026 (MT Newswires) -- Lundin Mining ( LUNMF ) after market close on Thursday said it received commitments from 17 lenders to upsize and amend its existing revolving credit facility to US$4.5 billion to facilitate funding of the Vicuna Project as well as for general corporate purposes.

The company said that the maturity date will be extended to 2031.

"Pricing remains unchanged from the current facility and is based on a sliding scale, with margins ranging from 1.45% to 2.50% over adjusted SOFR, depending on the Company's leverage ratio," said the company.

A statement noted that the amended credit facility is expected to include standard and customary terms and conditions with respect to fees, representations, warranties, and financial covenants.

Teitur Poulsen, Chief Financial Officer, said, "The upsizing of our Credit Facility to $4.5 billion is one of the cornerstones to advancing the Vicuna Project and keeps us on track of our goal to become a top-ten global copper producer with annual production of over 500,000 tonnes of copper once Vicuna is in full operation. We are very pleased with the commitments we have received from 12 of our existing lenders in addition to the 5 new lenders joining our Credit Facility."

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