Centerra Exploration $150 million financing for Öksüt gold mine

5/4/2016

Project finance

Value:

$ 150 million

Status:

Completed

Date:

5/4/2016

Overview:

Centerra Exploration secured a $150 million term loan facility from Unicredit Bank for the construction and operation of a gold mine in the Kayseri region of Turkey run by Öksüt Madencilik Sanayi ve Ticaret.
When complete, the complex will be one of the most productive mines in Turkey.

Jon Moore - Journalist

Jurisdiction:

Türkiye

Deal type:

Project finance

Practice area:

Project finance

Governing laws:

England and Wales
Turkey

Industry sector:

Mining

Firms:

Güner Law Office

Party: Centerra Exploration (Borrower)

Party: Öksüt Madencilik Sanayi ve Ticaret (Borrower)

Mayer Brown

Party: Unicredit Bank (Lender)

Paksoy

Party: Unicredit Bank (Lender)

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