Appian Capital expands to debt deals as coronavirus hits mining sector
March 26, 2020
Mining-focused PE firm Appian Capital is expanding its services to offer debt deals to businesses facing balance sheet pressures due to the coronavirus. The investor will be able to provide between $50 million and $300 million in financial support such as equity, bridge loans and other forms of credit. The global mining sector has seen intense pressure from COVID-19, which has led countries such as South Africa to impose nationwide lockdowns.