On December 31, 2009, Niko Resources Ltd. (TSX: NKO) announced the completion of its previously announced acquisition of Black Gold LLC for US$300 million. The acquisition was financed largely through a C$310 million convertible debenture credit facility and in part from general corporate funds. The convertible debenture credit facility matures in 3 years, bears a coupon rate of 5.0% and provides for a conversion price of C$110.50 for each common share. The convertible debenture credit facility was fully funded and subscribed for by Maju Investments, a subsidiary of Temasek Holdings of Singapore.
Further information is found on Niko Resources' website.