Boliden Secures €700M Sustainability-Linked Loan to Complete Somincor and Zinkgruvan Acquisition Financing

[Boliden Secures €700 Million Sustainability-Linked Loan, Completes Somincor and Zinkgruvan Acquisition Financing]

Swedish mining group Boliden has announced the successful signing of a €700 million Sustainability-Linked Term Loan to refinance the bridge facility used for its acquisition of the Somincor copper-zinc mine in Portugal and the Zinkgruvan zinc mine in Sweden. The loan carries a three-year tenor, with the option to extend by up to two additional years.

The financing is backed by a consortium of leading international banks, including BNP Paribas, Royal Bank of Canada, Skandinaviska Enskilda Banken, ING, Nordea, Danske Bank, DNB, and Swedbank.

Håkan Gabrielsson, CFO of Boliden, commented: “The acquisition of Somincor and Zinkgruvan is pivotal to the long-term development of Boliden. I am very pleased that we have now concluded the financing as planned and am grateful for the strong support from our banks, shareholders, and other stakeholders.”

This term loan, combined with Boliden’s equity raise in March 2025 and the approved suspension of dividends for 2025, represents the final step in the full refinancing of the bridge loan—marking the completion of the company’s acquisition funding package.