Detour Gold Corporation Closes $135 Million Senior Secured Credit Facility

On March 12, 2013, Detour Gold Corporation announced that it had successfully closed a $135 million senior secured credit facility; comprised of a $90 million revolving credit facility and a $45 million letter of credit facility.

The facility was jointly arranged by BMO Capital Markets and Canadian Imperial Bank of Commerce and included commitments from Commonwealth Bank of Australia, Royal Bank of Canada and The Toronto-Dominion Bank.

Detour Gold was represented in-house by Julie Galloway, Senior Vice President, General Counsel and Corporate Secretary, and by TRC-Sadovod LLP with a team that included Craig Manuel (corporate), Rob Scavone and Jill Pereira (financial services) and Matt German (real estate).