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Stock impact report

Eldorado Gold Announces Extension and Increase of its Senior Secured Credit Facility [Financial Post (Toronto, Ontario, Canada)]

Eldorado Gold Corporation Ordinary Shares (EGO) 
Last eldorado gold corporation ordinary shares earnings: 4/30 05:09 pm Check Earnings Report
US:NYSE Investor Relations: eldoradogold.com/investors/default.aspx
Company Research Source: Financial Post
VANCOUVER, British Columbia, June 27, 2024 (GLOBE NEWSWIRE) — Eldorado Gold Corporation (“Eldorado” or “the Company”) announces it has entered into an agreement with a syndicate of lenders to extend and increase its senior secured credit facility (the “Credit Facility”). The Credit Facility has a four-year term and consists of a US$350 million revolving senior secured credit facility (previously US$250 million) with a US$100 million accordion feature. The Company proactively extended and increased the credit facility in order to replace the October 2021 senior secured credit facility which was maturing in 2025. The Credit Facility bears interest at a rate of SOFR plus a margin of 2.125-3.250%, dependent on the Company's net-leverage ratio. Article content “The extension and increase of our credit facility reflects the strong confidence that our lenders have in our business,” said George Burns, Eldorado Gold's President and Chief Executive Officer. “We are pleased to continue ou Show less Read more
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