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Andean Precious Metals Strengthens Balance Sheet with New $40 Million Credit Facility from National Bank of Canada
Toronto, Ontario--(Newsfile Corp. - November 25, 2025) - Andean Precious Metals Corp.  (TSX...
About this update from Andean Precious Metals Corp
[{"type":"text","content":"Andean Precious Metals Strengthens Balance Sheet with New $40 Million Credit Facility from National Bank of CanadaToronto, Ontario--(Newsfile Corp. - November 25, 2025) - Andean Precious Metals Corp. (TSX: APM) (OTCQX: ANPMF) (\"Andean\" or the \"Company\") is pleased to announce that it has entered into a new revolving credit facility with National Bank of Canada (\"NBC\"), further strengthening the Company's capital structure and enhancing financial flexibility.NBC Revolving Credit Facility Key Terms:Capacity: US$40 million, automatically reducing to US$30 million on the first anniversaryTerm: 2 yearsInterest rate: SOFR + 4.25%The new facility provides improved liquidity and a more efficient cost of capital as Andean advances its strategic and operational initiatives across its portfolio.Closure of Existing Credit FacilitiesConcurrent with the closing of the NBC Revolving Credit Facility, Andean has:Extinguished and closed the CommerceWest Main Street Lending Program Loan, totaling US$36.1 million, which was fully repaid using a combination of drawdowns from the new NBC Revolving Credit Facility and cash on hand; andClosed the Company's existing US$25 million credit facility with Banco Santander International, which has been retired in conjunction with the establishment of the NBC Revolving Credit Facility. With these actions, Andean has simplified its capital structure, reduced the number of outstanding credit facilities, and aligned its financing arrangements with the Company's current scale and growth plans.Juan Carlos Sandoval, Chief Financial Officer, stated: \"The new credit facility with National Bank of Canada represents a significant milestone in optimizing our balance sheet and reinforcing financial flexibility to support the Company's next stage of growth. By consolidating and retiring prior credit arrangements, we have streamlined our capital structure, enhanced liquidity, and secured a more competitive cost of capital. We value NBC's partnership and remain committed to strengthening our financial position as we advance our strategic objectives.\"About Andean Precious MetalsAndean is a growing precious metals producer focused on expanding into top-tier jurisdictions in the Americas. The Company owns and operates the San Bartolome processing facility in Potosí, Bolivia and the Golden Queen mine i...