Loan & DebtAug 5, 2026, 05:07 PM
Endeavour Silver Secures $25M Revolving Credit Facility
AI Summary
Endeavour Silver Corp. has executed a credit agreement for a secured revolving term credit facility of up to $25,000,000 with ING Capital LLC. This facility includes an accordion feature that could increase the total amount to $100,000,000. The company intends to use the proceeds for general corporate and working capital purposes, including permitted acquisitions and investments, enhancing its financial flexibility and supporting growth initiatives.
Key Highlights
- Secured a revolving term credit facility for up to $25,000,000.
- Facility has an accordion feature allowing increases up to an additional $75,000,000, for a maximum of $100,000,000.
- Initial term of three years, maturing on August 5, 2029.
- Proceeds available for general corporate and working capital purposes, including acquisitions and investments.
- Interest based on Term SOFR or a base rate plus an applicable margin.
- Company does not intend to draw on the facility immediately, but uses it for financial flexibility.
Price Impact
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