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5N Plus Renews its $124 Million Syndicated Credit Facility
5N Plus Renews its $124 Million Syndicated Credit Facility Canada NewsWire ...
About this update from 5n Plus Inc.
[{"type":"text","content":"\n \n \n \n 5N Plus Renews its $124 Million Syndicated Credit Facility\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n All amounts are expressed in U.S. dollars.\n \n \n \n \n \n \n MONTREAL\n \n \n ,\n \n \n June 16, 2022\n \n \n /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) (\"5N Plus\" or the \"Company\"), a leading global producer of specialty semiconductors and performance materials, today announced the renewal of its US$124 million senior secured multi-currency revolving syndicated credit facility. Subject to lenders' approval, 5N Plus can opt to increase its credit facility to\n \n $154 million\n \n through a\n \n $30 million\n \n accordion feature.\n \n \n \"In late 2021, supported by our senior lending partners, we completed the acquisition of\n \n Germany\n \n -based AZUR SPACE GmbH, significantly strengthening our specialty semiconductor value chain and competitive capabilities in a critical sector, thereby also expanding our addressable market. Today, 5N Plus has a growing and resilient business with a greater proportion of revenues driven by value-added products and promising end markets. We are pleased to have the continued support of leading financial institutions to fund our operations and growth initiatives as we pursue our growth trajectory,\" said Mr. Perron, Chief Financial Officer of 5N Plus.\n \n \n The new credit facility has a four-year term, bearing interest and a margin based on the Company's senior consolidated debt to EBITDA[1] ratio. HSBC Bank Canada acted as sole lead arranger, sole bookrunner and administrative agent for the syndicate of five lenders participating in the credit facility.\n \n \n \n Forward–Looking Statements\n \n \n \n Certain statements in this press release may be forward-looking within the meaning of applicable securities laws. Forward-looking information and statements are based on the best estimates available to 5N Plus at the time and involve known and unknown risks, uncertainties or other factors that may cause 5N Plus' actual ...