Pacific Andes Resources Development Limited on Friday announced it opened discussions with lenders for additional financing or amendments to existing loans in anticipation of the impact of El Nino on its Peruvian operations, and as part of a wider exploration of "alternative financing arrangements."
The company did not disclose further information on what those financing arrangements might be, or what terms it would seek with its lenders.
The company said the discussions were "a prudent approach to cash flow management."
"This is also in line with the group’s ongoing objective of managing the maturity of its borrowings to optimize the use of available cash over the next few years," the company said.
Pacific
