Edition:
India

Mountain Province Diamonds Prices $330 Mln Senior Secured Second Lien Notes


Saturday, 2 Dec 2017 

Dec 1 (Reuters) - Mountain Province Diamonds Inc ::MOUNTAIN PROVINCE DIAMONDS PRICES NEW US$330,000,000 SENIOR SECURED SECOND LIEN NOTES.SAYS PRICING OF ITS OFFERING OF $330 MILLION SENIOR SECURED SECOND LIEN NOTES DUE DECEMBER 15, 2022.SAYS COUPON OF NOTES WILL BE 8.000% PER YEAR FROM DATE OF ISSUANCE, PAYABLE SEMI-ANNUALLY IN ARREARS.SAYS ‍NOTES WILL BE ISSUED AT 97.992% OF AGGREGATE PRINCIPAL AMOUNT​.SAYS INTENDS TO ENTER INTO A US$50 MILLION FIRST LIEN REVOLVING CREDIT AGREEMENT WITH A BANKING GROUP. 

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