{"id":501662,"date":"2021-06-08T07:11:57","date_gmt":"2021-06-08T11:11:57","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ssr-mining-announces-us200-million-senior-secured-revolving-credit-facility\/"},"modified":"2021-06-08T07:11:57","modified_gmt":"2021-06-08T11:11:57","slug":"ssr-mining-announces-us200-million-senior-secured-revolving-credit-facility","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ssr-mining-announces-us200-million-senior-secured-revolving-credit-facility\/","title":{"rendered":"SSR Mining Announces US$200 Million Senior Secured Revolving Credit Facility"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n DENVER<\/span>, June 8, 2021<\/span> \/PRNewswire\/ – SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM)\u00a0(ASX:SSR) (“SSR Mining” or “the Company”) announced today that it has amended its existing undrawn revolving credit facility (the “Facility”) on favorable terms, increasing the Facility size from US$75 million<\/span> to US$200 million<\/span>.\u00a0 The new Facility includes an upsized accordion feature from US$25 million<\/span> to US$100 million<\/span> and the term of the Facility has been extended by 4 years to June 8, 2025<\/span>.<\/p>\n

Amounts that are borrowed under the Facility will incur variable interest at London Interbank Offered Rate plus an applicable margin ranging from 2.00% to 3.00%, determined based on the Company’s net leverage ratio and amounts drawn from the Facility. All debts, liabilities and obligations under the Facility are guaranteed by the Company’s material North American subsidiaries and secured by assets of the Company, certain of the material subsidiaries, and the pledges of material subsidiaries. The Facility may be used by the Company for working capital, reclamation bonding and other general corporate purposes.<\/p>\n

CIBC acted as the Sole Lead Arranger, Sole Bookrunner and as Administrative Agent in connection with the amended Credit Facility, with Bank of Montreal<\/span> and The Bank of Nova Scotia<\/span> acting as Co-Syndication Agents. The other syndicate lenders include Royal Bank of Canada<\/span> and ING Capital LLC. <\/p>\n

\n About\u00a0SSR\u00a0Mining<\/b>\n <\/p>\n

SSR Mining Inc. is a leading, free cash flow focused gold company with four producing assets located in the USA,\u00a0Turkey, Canada<\/span>, and Argentina<\/span>, combined with a global pipeline of high-quality development and exploration assets\u00a0in the USA<\/span>, Turkey<\/span>, Mexico<\/span>, Peru<\/span>, and Canada<\/span>. In 2020, the four operating assets produced approximately 711,000\u00a0gold-equivalent\u00a0ounces.\u00a0SSR\u00a0Mining\u00a0is\u00a0listed\u00a0under\u00a0the\u00a0ticker\u00a0symbol\u00a0SSRM\u00a0on\u00a0the\u00a0NASDAQ\u00a0and\u00a0the\u00a0TSX,\u00a0and\u00a0SSR\u00a0on\u00a0the\u00a0ASX.<\/p>\n

\n SSR\u00a0Mining\u00a0Contacts:
<\/b>F.\u00a0Edward\u00a0Farid,\u00a0Executive\u00a0Vice\u00a0President,\u00a0Chief\u00a0Corporate\u00a0Development\u00a0Officer\u00a0SSR\u00a0Mining\u00a0Inc.
E-Mail:\u00a0invest@ssrmining.com<\/a>
Phone:\u00a0+1\u00a0(888)\u00a0338-0046\u00a0or\u00a0+1\u00a0(604)\u00a0689-3846<\/p>\n

\n To receive SSR Mining’s news releases by e-mail, please register using the SSR Mining website at www.ssrmining.com<\/a>. <\/i>\n <\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/ssr-mining-announces-us200-million-senior-secured-revolving-credit-facility-301307295.html<\/a><\/p>\n

SOURCE SSR Mining Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire DENVER, June 8, 2021 \/PRNewswire\/ – SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM)\u00a0(ASX:SSR) (“SSR Mining” or “the Company”) announced today that it has amended its existing undrawn revolving credit facility (the “Facility”) on favorable terms, increasing the Facility size from US$75 million to US$200 million.\u00a0 The new Facility includes an upsized accordion feature from US$25 million to US$100 million and the term of the Facility has been extended by 4 years to June 8, 2025. Amounts that are borrowed under the Facility will incur variable interest at London Interbank Offered Rate plus an applicable margin ranging from 2.00% to 3.00%, determined based on the Company’s net leverage ratio and amounts drawn from the Facility. All debts, liabilities and … <\/p>\n

Continue reading “SSR Mining Announces US$200 Million Senior Secured Revolving Credit Facility”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-501662","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSSR Mining Announces US$200 Million Senior Secured Revolving Credit Facility - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ssr-mining-announces-us200-million-senior-secured-revolving-credit-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SSR Mining Announces US$200 Million Senior Secured Revolving Credit Facility - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire DENVER, June 8, 2021 \/PRNewswire\/ – SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM)\u00a0(ASX:SSR) (“SSR Mining” or “the Company”) announced today that it has amended its existing undrawn revolving credit facility (the “Facility”) on favorable terms, increasing the Facility size from US$75 million to US$200 million.\u00a0 The new Facility includes an upsized accordion feature from US$25 million to US$100 million and the term of the Facility has been extended by 4 years to June 8, 2025. Amounts that are borrowed under the Facility will incur variable interest at London Interbank Offered Rate plus an applicable margin ranging from 2.00% to 3.00%, determined based on the Company’s net leverage ratio and amounts drawn from the Facility. 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