trending Market Intelligence /marketintelligence/en/news-insights/trending/_pbwimqfyokpjax7udmo5a2 content esgSubNav
In This List

Centerra Gold nets US$500M credit facility to replace existing credit lines

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Centerra Gold nets US$500M credit facility to replace existing credit lines

Centerra Gold Inc. said Feb. 1 that it entered into a US$500 million senior secured revolving credit facility with a syndicate of financial institutions led by The Bank of Nova Scotia and National Bank of Canada.

The four-year facility will carry an interest rate of the London Interbank Offered Rate plus 2.25% to 3.75%.

The new facility will replace the previous US$315 million credit facilities and the non-revolving US$125 million credit facility that the company secured in early January in connection with the acquisition of AuRico Metals Inc.

Centerra also repaid the US$76 million outstanding under its US$150 million corporate revolving credit facility with the European Bank for Reconstruction and Development and will not be drawing any more amounts under the facility.