Eldorado Gold Increases Size of Credit Line to $350 Million-March 2024-www.financetom.com

Eldorado Gold Increases Size of Credit Line to $350 Million

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Eldorado Gold Increases Size of Credit Line to $350 Million

Jun 27, 2024 2:41 PM

05:28 PM EDT, 06/27/2024 (MT Newswires) -- Eldorado Gold ( EGO ) said late Thursday that it increased the size of its senior secured credit facility to $350 million from $250 million.

The company said the amended credit line has a four-year term with a $100 million accordion feature. It replaced the October 2021 facility that will mature in 2025.

The new facility bears interest at the secured overnight financing rate plus a margin of 2.125% to 3.25%, dependent on the company's net-leverage ratio.

Price: 14.82, Change: +0.01, Percent Change: +0.03

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