Boliden secures long-term financing for mine acquisitions

Boliden announced it has secured long-term financing for its acquisition of the Somincor copper and zinc mine in Portugal and the Zinkgruvan zinc mine in Sweden.

This includes a Sustainability Linked 700 million Euro Term Loan with a three-year tenor, provided by several banks, which repays the bridge loan.

Boliden's Chief Financial Officer Håkan Gabrielsson called the acquisition "pivotal to the long-term development of Boliden," adding that the financing is now fully concluded and aligns with initial intentions.

This loan, combined with an equity raise and dividend exclusion, finalizes funding.