OREANDA-NEWS. KAZ Minerals PLC (London), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release of August 14, 2015:

"... signing of a revolving credit line agreement for USD50 mln with Caterpillar Financial Services (UK) Limited ("Cat Financial"), a division of Caterpillar Inc. – the main supplier of mining equipment for the Group's growth projects – Bozshakol and Aktogay.

The credit line availability period – three years starting on the date of signing the  agreement, upon maturity of which the loan is to be repaid in four equal quarterly  installments. The interest rate at 4.25% above LIBOR rate in US dollars will be applied to the actual amount of the credit line disbursed. The financial covenants are similar to those effective with regards to the existing pre-export credit line from a syndicate of banks.

The Chief Financial Officer of KAZ Minerals Group, Andrew Southam, has provided his comments: "The new credit line from Cat Financial provides KAZ Minerals additional liquidity needed for the construction and deployment of our new businesses in full capacity while expanding the Group's loan portfolio."