The EUR 176 million (approximately US$211 million) equipment financing facility has an interest rate of 3.24%. The facility has an availability period of three years and amortizes over a period of five years from utilization and is tied to underground mining equipment at the Kamoa-Kakula Project. EKN has provided both political and commercial cover to the lenders and will receive a one-off premium per tranche's first utilization that will average no more than 9.49%.