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Platinum Group – nickel pre-export

01 March 2008

Nickel landmark in the Philippines

MLA: Deutsche Bank
Borrower: Platinum Group Metals Corporation (Philippines)
Amount: $40 million
Purpose:  Acquisition financing, capital goods and production expansion
Tenor:  4.5 years (Tranches A & B), up to 90 days (Tranche C)

We hear of relatively few structured commodity deals taking place in the Philippines, but this nickel pre-export finance transaction stands out in many ways.

In October 2007, Deutsche Bank acting as sole mandated lead arranger signed a complex medium-term structured pre-export facility of up to $40 million for Platinum Group Metals Corporation (PGMC), in the Philippines. The deal represents the most significant financing made available to the nickel industry in the Philippines to date.


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