Brief: Metals Acquisition Corp Entered Into Sale, Purchase Agreement With Unit Of Glencore PLC

MAC Copper

17/03/2022 10:38

March 17 (Reuters) - Glencore PLC  GLEN.L :
    * METALS ACQUISITION CORP - DEFINITIVE SALE AND PURCHASE
AGREEMENT
ENTERED INTO WITH UNIT OF GLENCORE PLC
    * METALS ACQUISITION - HAS ENTERED INTO A DEFINITIVE SALE
AND
PURCHASE AGREEMENT WITH GLENCORE TO ACQUIRE CSA COPPER MINE FOR
US$1,100 MILLION
    * METALS ACQUISITION CORP - TRANSACTION WILL BE EFFECTED BY
ACQUISITION BY MAC'S 100%-OWNED SUBSIDIARY, METALS ACQUISITION
CORP. (AUSTRALIA) PTY LTD
    * METALS ACQUISITION - DEAL TO BE FUNDED THROUGH $465
MILLION OF
DEBT FACILITIES & SILVER STREAMING, $375 MILLION UNDERWRITTEN
SENIOR SECURED DEBT FACILITY, OTHERS
    * METALS ACQUISITION CORP - TOTAL CONSIDERATION OF US$1,100
MILLION CASH PLUS A 1.5% COPPER NSR

Source text for Eikon:  ID:nBw5THTF5a 
Further company coverage:  GLEN.L