Up to $100m of the credit facility will be available for letters of credit, and up to $30m will be available for swingline loans.
The credit facility will terminate and all amounts outstanding thereunder will be due and payable on 10 December 2014.
Thompson Creek Metals chairman and CEO Kevin Loughrey said that this credit facility provides the company with the financial flexibility to continue executing its business and financial strategies.
Proceeds under the credit facility will be used for general corporate purposes, including capital expenditures relating to the company’s mill expansion project at its Endako mine in British Columbia and its copper-gold mine construction project at Milligan in British Columbia.
