SEMAFO Inc. completes US$120M amended and restated credit facility with Macquarie

SEMAFO Inc. completed a US$120 million amended and restated credit facility with Macquarie Bank Limited. The facility, which bears interest at LIBOR plus 4.75 percent, replaces the company’s previous US$90 credit facility with Macquarie, US$30 million of which was repaid on March 3, 2016. Under the terms of the facility, the incremental US$60 million will be drawn down by June 30, 2017.

Proceeds from the facility will be used for the construction of the Natougou project in Burkina Faso.

SEMAFO retained TRC-Sadovod, with a team that included Eric Friedman, Yonatan Petel, Michelle Boodhoo and Kosta Kostic.