Platinum Group obtains new $260M senior loan facility Platinum Group Metals reports that a syndicate of lead arrangers has now obtained credit committee approval for a $260M senior loan facility for the construction of the WBJV Project 1 Platinum Mine. The credit approval is not subject to further syndication prior to closing. Closing and draw down of the loan facility will now be subject to the negotiation and execution of final documentation and satisfaction of conditions precedent.
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