OceanaGold Refinances Revolving Credit Facility With Improved Terms
(PresseBox) - OceanaGold Corporation (TSX:OGC, OTCQX:OCANF) (“OceanaGold” or the “Company”) - https://www.commodity-tv.com/ondemand/companies/profil/oceanagold-corp/ - announces it has refinanced its revolving credit facility. The new facility is supported by a group of seven leading international banks, five of which were part of the previous revolving credit facility.
Key Highlights
New facility providing committed bank credit totalling US$200 million, plus a US$50 million accordion, replacing the previous facility.
Four-year facility maturing December 31, 2027.
Improved commercial terms compared with the previous facility.
Marius van Niekerk, Chief Financial Officer of OceanaGold, said "We are pleased that a highly reputable and global banking group has committed to provide this new facility which allows us to maintain significant financial flexibility at a lower cost. The new facility right-sizes our liquidity requirements in line with our capital management plan, which recognizes both our projected growth in production and exciting organic growth pipeline.”
About OceanaGold
OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.
For further information please contact:
Investor Relations:
Rebecca Harris, Director, Investor Relations
Tel: +1 604 678 4095
ir(at)oceanagold.com
www.oceanagold.com
In Europe:
Swiss Resource Capital AG
Jochen Staiger & Marc Ollinger
info(at)resource-capital.ch
www.resource-capital.ch
Unternehmensinformation / Kurzprofil:
Datum: 20.12.2023 - 07:33 Uhr
Sprache: Deutsch
News-ID 697065
Anzahl Zeichen: 2304
contact information:
Contact person: Jochen Staiger
Town:
Vancouver
Phone: +41 (71) 3548501
Kategorie:
Financial Services & Insurance
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"OceanaGold Refinances Revolving Credit Facility With Improved Terms"
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