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Eldorado Announces Renewed Revolving Credit Facility
Eldorado Announces Renewed Revolving Credit Facility Eldorado Announces Renewed Re...
About this update from Eldorado Gold Corporation
[{"type":"text","content":"\n\n\n\nEldorado Announces Renewed Revolving Credit Facility\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.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nEldorado Announces Renewed Revolving Credit Facility\nCanada NewsWire\nVANCOUVER, June 13, 2016\n\n\n\nTSX: ELD   NYSE: EGO\n\n\n\nVANCOUVER, June 13, 2016 /CNW/ - Eldorado Gold Corporation, (\"Eldorado\" or \"the Company\") is pleased to announce that the Company has renewed its revolving credit facility.\n\nThe amended and restated credit agreement (the \"ARCA\") includes available credit of US$250 million, an accordion feature of US$100 million, and an extension of the term to June 13, 2020 from November 23, 2016.\n\nThe terms of the ARCA are favorable to the Company and consistent with current market standards.  HSBC Securities (USA) Inc. is Lead Arranger and sole Bookrunner.  Lenders include HSBC Bank USA, N.A., JP Morgan Chase Bank N.A., Bank of America N.A., and Export Development Canada.  HSBC Bank Canada will act as Administrative Agent for the Lenders.\n\n\"Funds from the renewed facility will continue to provide strength to our balance sheet\" said Paul Wright, President and Chief Executive Officer of Eldorado Gold.  \"The accordion feature of the ARCA allows us to increase the principle amount of the facility to US$350 million which provides additional flexibility as we continue to develop and operate our assets.\"\n\nAbout Eldorado Gold\n\nEldorado is a leading low cost gold producer with mining, development and exploration operations in Turkey, China, Greece, Romania and Brazil.  The Company's success to date is based on a low cost strategy, a highly skilled and dedicated workforce, safe and responsible operations, and long-term partnerships with the communities where it operates.  Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).\n\nCertain of the statements made herein may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of ...