July 26, 2017 / 10:26 AM / 2 months ago

BRIEF-Torex completes US$400 mln facility to refinance project debt

July 26 (Reuters) - Torex Gold Resources Inc

* Torex Gold Resources - unit has signed an amended and restated credit agreement with BNP Paribas, Commonwealth Bank Of Australia, other bookrunners

* Torex Gold Resources - ‍following a successful syndication, BMO Harris Bank N.A. and bank of Nova Scotia joined banks as lenders under loan facility​

* Torex Gold Resources Inc - ‍loan facility is comprised of a us$300 million term loan and a us$100 million revolving loan facility​

* Torex Gold Resources - loan facility bears interest at rate of libor + 4% for first 2 years, libor + 4.25% for years 3 and 4, and libor + 4.5% thereafter

* Torex Gold Resources Inc - ‍revolving facility and term facility will mature June 30, 2020 and June 30, 2022, respectively​

* Torex Gold Resources - ‍first scheduled repayment of term facility is March 31, 2018, and repayments continue in quarterly installments until maturity​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below