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5N Plus Inc. Renews its Syndicated Credit Facilities with Increased Borrowing Capacity to Support Growth
5N Plus Inc. Renews its Syndicated Credit Facilities with Increased Borrowing Capacity to Support...
About this update from 5n Plus Inc.
[{"type":"text","content":"\n\n\n\n 5N Plus Inc. Renews its Syndicated Credit Facilities with Increased Borrowing Capacity to Support Growth\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n MONTREAL\n \n\n ,\n \n\n April 1, 2025\n \n\n /CNW/ - 5N Plus Inc. (TSX: VNP) (\"5N+\" or \"the Company\"), a leading global producer of specialty semiconductors and performance materials, today announced the renewal of its senior secured multi-currency revolving syndicated credit facilities, expanding its borrowing capacity from\n \n $124 million\n \n to\n \n $154 million\n \n to support the Company's growth plan. Subject to lenders' approval, 5N Plus can opt to further increase its credit facilities to\n \n $204 million\n \n through a\n \n $50 million\n \n accordion feature. All amounts in this press release are expressed in U.S. dollars unless otherwise stated.\n \n\n\n\n\n\n\n\n\n \"The Company's strategic focus on value-added products and long-term customer partnerships, without being a critical cost component, has enabled us to pursue our profitable growth as a trusted partner in growing markets. Determined to pursue both organic and external growth in 2025, we are pleased to have the continued support of leading financial institutions to fund our operations and further cement our position as a leading supplier of critical specialty semiconductors,\" said Mr. Perron, Chief Financial Officer of 5N+.\n \n\n The credit facility was oversubscribed, with Royal Bank of\n \n Canada\n \n acting as sole lead arranger and administrative agent joined by the Company's long time banking partners, National Bank of\n \n Canada\n \n , Fédération des Caisses Desjardins du Québec, Business Development Bank of\n \n Canada\n \n , The Hongkong and Shanghai Banking Corporation Limited, and most recent participant Canadian Imperial Bank of Commerce. The new credit facilities have a four-year term, bearing interest and a margin based on the Company's senior consolidated debt to EBITDA\n \n 1\n \n ratio.\n \n\n\n About 5N+\n \n\n\n 5N+ is a leading g...