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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: 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..
About this update from National Bank Of Canada
[{"type":"text","content":"Toronto, 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.","length":397,"tagName":"p"},{"type":"text","content":"NBC Revolving Credit Facility Key Terms:","length":40,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Capacity: US$40 million, automatically reducing to US$30 million on the first anniversary","length":89,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Term: 2 years","length":13,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Interest rate: SOFR + 4.25%","length":27,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":129,"olType":false},{"type":"text","content":"The new facility provides improved liquidity and a more efficient cost of capital as Andean advances its strategic and operational initiatives across its portfolio.","length":164,"tagName":"p"},{"type":"text","content":"Closure of Existing Credit Facilities","length":37,"tagName":"p"},{"type":"text","content":"Concurrent with the closing of the NBC Revolving Credit Facility, Andean has:","length":77,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"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; and","length":221,"tagName":"p"}]},{"val":[{"type":"text","content":"Closed 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.","length":410,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":631,"olType":false},{"type":"text","content":"Juan Carlos Sandoval, Chief Financial Officer, stated: "The new credi...