FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Bank of Nova Scotia, HSBC Canada Lead $400MM Credit Facility for Centerra Gold

January 05, 2021, 08:00 AM
Filed Under: Metals and Mining

Centerra Gold entered into a new $400 million four-year revolving credit facility plus a $200 million accordion feature. The Credit Facility is led by The Bank of Nova Scotia, National Bank Financial Markets and HSBC Canada Bank and is supported by a syndicate of international financial institutions. The interest rate payable on any outstanding borrowings is LIBOR plus 2.25% to 3.25%. The Credit Facility replaced Centerra’s previous U.S.$500 million revolving credit facility.

The Credit Facility is currently undrawn and may be used for general corporate purposes, including working capital, investments, acquisitions, and capital expenditures. The Credit Facility provides future flexibility, while reducing the Company’s financing costs as the Company’s cash position continues to grow.

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.