Transactions & Cases Detail



Transaction/Case Details

Lydian signs US$42M caterpillar equipment financing for Amulsar

DATE CLOSED

December 28, 2016

BUSINESS SECTOR

Mining & Metals

LEAD OFFICE

Toronto

VALUE

42 Million USD


OVERVIEW

On December 28, 2016, Lydian International Limited ("Lydian") entered into a secured credit facility with Caterpillar Financial Services (UK) ("Cat Financial") for a maximum principal amount of US$42 million. Proceeds of the facility will be used to purchase Cat® mobile mining equipment for Lydian's 100%-owned Amulsar Gold Project in Armenia.

Cat Financial provides retail and wholesale financing solutions to Cat® customers and dealers for Cat® machinery and engines, Solar™ gas turbines, other related equipment and marine vessels.

McCarthy Tétrault LLP advised Cat Financial with a team led by Christopher Langdon (Projects and Mining) and included Kerri Lui (Business) and Chris Zawadski (Business).

Contact


 
For general information on McCarthy Tétrault Transactions & Cases, please contact [email protected].

Related Area of Expertise


Financial Services
read /

Projects
read /

Secured Lending & Project Finance
read /