SSR Mining Announces $400 Million Senior Secured Revolving Credit Facility
15 Agosto 2023 - 5:53PM
Business Wire
SSR Mining Inc. (NASDAQ/TSX: SSRM, ASX: SSR) ("SSR Mining" or
the “Company") is pleased to announce an amendment to its existing
revolving credit facility (the “Facility”) on favorable terms. The
Facility size has been increased from $200 million to $400 million
with an additional accordion feature of $100 million. The Facility
has a renewed term of 4 years, now maturing on August 15, 2027.
Under the terms of the Facility, amounts that are borrowed will
incur variable interest at the Secured Overnight Financing Rate
plus an applicable margin. The margin will be determined based on
the Company’s net leverage ratio and amounts drawn from the
Facility and will range from 2.00% to 2.75%. The expanded Facility
will provide the Company with flexibility for working capital and
other general corporate purposes.
The Bank of Nova Scotia has acted as Administrative Agent, and
along with Canadian Imperial Bank of Commerce as Co-Lead Arrangers
and Joint Bookrunners, in connection with the amended Facility.
About SSR Mining
SSR Mining Inc. is a leading, free cash flow focused gold
company with four producing operations located in the USA, Türkiye,
Canada, and Argentina, combined with a global pipeline of
high-quality development and exploration assets. Over the last
three years, the four operating assets combined have produced on
average more than 700,000 gold equivalent ounces annually. SSR
Mining is listed under the ticker symbol SSRM on the NASDAQ and the
TSX, and SSR on the ASX.
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SSR Mining Contacts:
F. Edward Farid, Executive Vice President, Chief Corporate
Development Officer Alex Hunchak, Director, Corporate
Development and Investor Relations
SSR Mining Inc. E-Mail: invest@ssrmining.com Phone:
+1 (888) 338-0046
To receive SSR Mining’s news releases by e-mail, please register
using the SSR Mining website at www.ssrmining.com.
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