Dec 15 (Reuters) - Turquoise Hill Resources Ltd TRQ.TO :
* Oyu Tolgoi signs $4.4 billion project finance marking historic milestone toward recommencement of underground development
* Turquoise Hill Resources Ltd TRQ.TO says Oyu Tolgoi LLC ( Oyu Tolgoi ) has signed a $4.4 billion project finance facility
* Facility is being provided by a syndicate of international financial institutions,export credit agencies
* Says Rio Tinto (L:RIO) has agreed to provide a completion support undertaking in favour of the project finance lenders
* Oyu Tolgoi,Turquoise Hill to pay Rio Tinto annual completion support fee equal to 2.5% of amounts drawn under the facility
* Says net proceeds from the project finance facility are anticipated to be approximately $4.1 billion
* Net proceeds from project finance facility to be used by Oyu Tolgoi to pay down shareholder loans payable to Turquoise Hill
* Parties have agreed to a debt capacity of $6.0 billion for Oyu Tolgoi"
* Source text for Eikon ID:nMKWh5wtda
* Further company coverage TRQ.TO