Equinox's $1 billion Lumwana copper mine project has reached financial close. The multi-sourced deal is notable not only for its size – the largest junior-sponsored project financing – but also because of the high degree of structuring. The deal has 15 different facilities, with the intercreditor agreements pulling together commercial banks, ECAs and development agencies.
The $584 million debt splits into a $81 million commercial tranche underwritten by...
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