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Short-Term Loan for a Mineral Resource Company

Borrower Profile

Multi-asset mineral resource company focused primarily on the acquisition, exploration, evaluation, and development of precious metal properties with the vision to become the next sustainable high-quality mid-tier producer.

Sector: Industrials

Loan Type: Short-Term Loan

Location: Australia

Loan Amount: $32,000,000 CAD

Date: June 2019 - July 2022


Banks unwilling to support the acquisition of a processing plant and working capital needs.


Cortland provided a  $25 million initial flexible credit facility to the borrower that consists both of a bridge loan and a revolving loan. The lending commitment then grew to $32 million.  


The borrower has successfully paid out the outstanding credit facility and was able to migrate toward traditional financing at a lower cost. 

Not sure if debt financing is right for you? 
Talk to our Origination Team.

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