MMG (HK:1208) has released an update.
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MMG Limited has secured a $1 billion revolving credit facility to enhance its corporate funding strategy and promote future growth. The Syndicated Facility, provided by a consortium of banks, will be used for general corporate purposes and to repay existing debt from the Las Bambas project, aiming to reduce interest expenses. The new financing is designed to benefit all stakeholders by positioning the company for greater growth.
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