Lundin Mining increases credit facility to $800 million

(Reuters) - Diversified Canadian miner Lundin Mining <LUN.TO> said on Wednesday it amended a credit agreement that increases its secured revolving credit facility by $250 million to $800 million.

The Toronto-based company, with an option to raise the credit facility by another $200 million, said it had also extended the agreement term to August 2023, from October 2022.

Lundin, which has a market value of C$4.40 billion ($3.31 billion), said the "low-cost facility" and cash flow from operations would help it to maintain significant financial liquidity and flexibility.

Bank of Nova Scotia <BNS.TO> and ING Capital LLC acted as joint lead arrangers and bookrunners.

(Reporting by Arundhati Sarkar in Bengaluru; Editing by Maju Samuel)