Loan & DebtJul 15, 2026, 05:01 PM
Centerra Gold Increases Credit Facility to $600M, Extends to 2030
AI Summary
Centerra Gold Inc. announced an amendment to its revolving credit facility, increasing its size to US$600 million from US$400 million and extending its maturity to July 15, 2030. The new terms include a more favorable interest rate margin, now ranging from 1.875% to 3.000% over SOFR. The expanded facility provides future flexibility for general corporate purposes, including working capital, investments, potential acquisitions, and capital expenditures, with no amounts currently drawn.
Key Highlights
- Revolving credit facility increased to US$600 million from US$400 million.
- Credit facility term extended by four years, maturing on July 15, 2030.
- Interest rate margin improved to 1.875%-3.000% over SOFR from 2.25%-3.25%.
- No amounts were drawn under the Credit Facility as of July 15, 2026.
- Facility can be used for general corporate purposes, including acquisitions and capital expenditures.
- The Bank of Nova Scotia and National Bank of Canada led the facility.
Price Impact
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