Lydian signs US$42M caterpillar equipment financing for Amulsar
December 28, 2016
42.00 Million USD
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).