All three facilities are expected to close before the end of February 2012. "Our strong balance sheet and robust cash flow gives us the opportunity to further enhance our corporate liquidity," said Carol Banducci, Executive Vice-President and CFO of IAMGOLD. "By increasing our credit facility we have greater flexibility to capitalize on strategic opportunities as they arise. In addition, the Niobec Facility is an important step towards self-funding the expansion of the niobium mine." The Corporate Facility is a four-year, $500 million unsecured revolving credit facility, expiring February 2016. It allows for increased financial capacity with respect to adding non-equity capital to the Company. The credit facility was led and arranged by Scotiabank, CIBC, and TD Securities and includes Societe Generale, National Bank of Canada, Royal Bank of Canada, Citi Bank and Export Development Canada.