TORONTO, April 25 /CNW/ - Kinross Gold Corporation ("Kinross" or the
"Company") (TSX-K; NYSE-KGC) is pleased to announce that it has increased its
revolving credit facility to US$295 million. The credit facility matures in
three years, and includes several new banks.
The new credit facility was co-led by Scotia Capital, which also acted as
Administrative Agent, and SociDetDe GDenDerale, which also acted as Syndication
Agent. RBC Capital Markets and ANZ Banking Group Limited were Documentation
Agents. A total of 10 banks participated in the facility.
Tye Burt, President and C.E.O., said, "We are pleased to have the backing
of such a strong syndicate. This facility will allow Kinross more flexibility
to drive the Company forward in executing our development strategy".
About Kinross Gold Corporation
Kinross Gold Corporation (www.kinross.com) is a senior gold producer with
eleven gold producing properties in six countries, primarily in North and
South America. Kinross' head office is located in Toronto, and its common
shares trade under the symbol K on the Toronto Stock Exchange, and symbol KGC
on the New York Stock Exchange.
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