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.
