Detour rounds up $500m bank debt facility

Intermediate Canadian mine Detour Gold has secured a $500-million senior secured credit facility with its existing bank group, the company announced on Tuesday. The debt facility comprises a four-year $300-million revolving credit facility and a $200-million term loan over three years. The bank facility will replace the company's current C$135-million senior secured credit facility upon closing, which is expected to take place later this week.