Sullivan & Cromwell LLP

03/12/2024 | Press release | Distributed by Public on 03/12/2024 08:38

S&C Advises Kenmare Resources in $200 Million Revolving Credit Facility

Kenmare Resources entered into a new $200 million revolving credit facility to support future planned capital programs. The facility has a five-year term and replaces existing corporate debt facilities from 2019, including $47 million of outstanding term loans.

Kenmare is one of the leading global producers of titanium minerals and zircon, and operates the Moma Titanium Mineral Mine in northern Mozambique.

The London-based S&C team that advised Kenmare included Craig Jones, Silvia Brünjes and Sabrena Ong, as well as trainee solicitors Marcus Köttering and Anna McLaughlin.