Lundin secures a $300m debt facility to ensure Fruta del Norte’s development

Canadian project developer Lundin Gold has secured a $300-million debt facility through commitments from five senior lenders – namely ING Capital, Société Générale, Caterpillar Financial Services Corporation, the Bank of Nova Scotia and KfW IPEX-Bank – for the development and construction of the TSX-listed company’s Ecuador-based Fruta del Norte gold project. Lundin president and CEO Ron Hochstein said in a note published Monday that, together with the project financing package from Orion Mine Finance Group and Blackstone Tactical Opportunities, this facility reflects a strong endorsement of the project and confidence in the Lundin Gold team.