SSR Mining amended its existing revolving credit 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.