On September 10, 2014, Golden Star Resources announced that its subsidiary, Golden Star (Wassa) Limited, signed a commitment letter with Ecobank Ghana Limited (Ecobank) for an additional US$25 million secured Medium Term Loan Facility. Drawdowns under the new facility will assist with financing development of a potential underground mine at Wassa and will be repayable within 60 months of initial drawdown. The drawdown period is twelve months from entering into the agreement. The security and terms on are similar to the $50 million secured Medium Term Loan Facility entered into with Ecobank in 2013. Fasken Martineau advised Golden Star with a team that included John Turner, John Sabetti, Aaron Stefan and Mitchell Thaw.
Experience
Golden Star enters into US$25 million secured medium term loan facility
Fasken
Reading Time
1 minute read
Overview
Overview
Team
Team
- John S.M. Turner, Partner | Co-Leader, Global Mining Group and Capital Markets and Mergers & Acquisitions (CM and M&A) Group Chair, Toronto, ON, +1 416 865 4380, [email protected]
- John M. Sabetti, Partner | Mergers & Acquisitions, Toronto, ON, +1 416 865 4455, [email protected]
- Aaron J. Stefan, Partner | Banking & Finance, Toronto, ON, +1 416 868 3514, [email protected]
John S.M. Turner
Partner | Co-Leader, Global Mining Group and Capital Markets and Mergers & Acquisitions (CM and M&A) Group Chair
Toronto, ON
+1 416 865 4380
[email protected]
John M. Sabetti
Partner | Mergers & Acquisitions
Toronto, ON
+1 416 865 4455
[email protected]
Aaron J. Stefan
Partner | Banking & Finance
Toronto, ON
+1 416 868 3514
[email protected]