Closing of Romarco’s $200m debt agreement extended by 30 days

Caterpillar Financial Services Corporation, Macquarie Bank and Societe Generale Corporate & Investment Banking have informed TSX-listed project developer Romarco Minerals that it was necessary to extend the closure of a binding commitment for a $200-million senior secured project debt facility by 30 days to April 2. The extension would allow the lenders to finalise documentation, including a final review of the financial model that had recently been updated, based on an updated technical report filed in December.