Business
Silvercorp Secures RMB 1.5 Billion (~US$220 Million) Syndicated Term Loan Facilities with 2x Oversubscription, Bolstering Financial Strength for Global Mining Growth
Silvercorp Secures RMB 1.5 Billion (~US$220 Million) Syndicated Term Loan Facilities with 2x Over...
About this update from Silvercorp Metals Inc.
[{"type":"text","content":"Silvercorp Secures RMB 1.5 Billion (~US$220 Million) Syndicated Term Loan Facilities with 2x Oversubscription, Bolstering Financial Strength for Global Mining Growth\n\n\nSilvercorp Secures RMB 1.5 Billion (~US$220 Million) Syndicated Term Loan Facilities with 2x Oversubscription, Bolstering Financial Strength for Global Mining Growth\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\n\n\n\n\n\nPR Newswire\n\n\nTrading Symbol:  TSX/NYSE American: SVMVANCOUVER, BC, April 20, 2026 /PRNewswire/ - Silvercorp Metals Inc. (\"Silvercorp\" or the \"Company\") (TSX: SVM) (NYSE American: SVM) is pleased to announce that it has entered into a 3-year syndicated term loan facilities agreement (the \"Facilities\") with a syndicate of international banks.Transaction HighlightsFacilities Size: An aggregate of RMB1.5 billion in principal, approximately US$220 million (with total bank commitments reaching RMB2 billion (approximately US$293 million) — representing a 2x oversubscription against the original target of RMB1 billion).Maturity: 3 years from the date of initial drawdown.Sole mandated lead arranger and bookrunner: Standard Chartered Bank (Hong Kong) Limited.Interest Rates and Fees:Facility A (Floating) in the amount of RMB425,500,000: Floating rate pricing based on CNH HIBOR (1.60% as of March 31, 2026) plus a margin of 1.92% per annumFacility B (Fixed) in the amount of RMB1,047,500,000: Fixed interest rate of 3.67% per annumBoth tranches are subject to reduced interest rates based on the Company's consolidated net leverage ratioFacilities are subject to payment of certain fees, including an upfront feeRepayment Currency: RMB, with future repayments funded from RMB dividends received outside of China from the Company's China operations.Use of Proceeds: for general corporate purposes and to support the Company's global working capital requirements, further optimizing the company's capital structure and strengthening its financial flexibility.Security: The Facility will be guaranteed by, and secured by certain accounts and share security by, the Company and certain subsidiaries...