Mirabela Nickel Ltd. (MNB.TO) said that it has drawn down US$50 million under the US$80 million bridge financing facility recently announced with Barclays Plc (BCS, BARC.L) and Credit Suisse (CS). The company said that with construction of the Santa Rita project more than 50% complete, ongoing funding of the project has moved from equity to debt.
In addition to the bridge facility, Barclays and Credit Suisse have underwritten a US$280 million term loan facility to be syndicated later this year, whereupon the bridge facility will be repaid.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.