TSX:CGMetals and Mining
How Investors Are Reacting To Centerra Gold (TSX:CG) Expanding And Extending Its Undrawn Credit Facility
Centerra Gold Inc. announced that it had amended its revolving credit facility, extending its maturity to July 15, 2030, increasing the size from US$400,000,000 to US$600,000,000, and lowering the SOFR-based interest margin to a range of 1.875%–3.000%, with no amounts drawn as of the announcement date.
This enlarged, undrawn facility gives Centerra additional financial flexibility to fund working capital, investments, possible acquisitions, and capital expenditures without immediately...