Eldorado Gold gets $250 million amended, restated credit facility

By William Gullotti

Buffalo, N.Y., Oct. 15 – Eldorado Gold Corp. announced the closure of an expandable $250 million amended and restated senior secured credit facility with its existing lenders, according to a press release on Friday.

The amended facility consists of a $250 million revolving senior secured credit facility with a $100 million accordion and a letter of credit facility. It replaces the existing $450 million senior secured credit facility, which took effect May 2019.

Interest is Libor plus a margin of 212.5 basis points to 325 bps, dependent on a net leverage ratio pricing grid.

Eldorado Gold is a Vancouver, B.C.-based gold producer.

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