{"id":782978,"date":"2023-09-11T07:33:52","date_gmt":"2023-09-11T11:33:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/centerra-gold-announces-extension-of-corporate-credit-facility\/"},"modified":"2023-09-11T07:33:52","modified_gmt":"2023-09-11T11:33:52","slug":"centerra-gold-announces-extension-of-corporate-credit-facility","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/centerra-gold-announces-extension-of-corporate-credit-facility\/","title":{"rendered":"Centerra Gold Announces Extension of Corporate Credit Facility"},"content":{"rendered":"
\n

TORONTO, Sept. 11, 2023 (GLOBE NEWSWIRE) — Centerra Gold Inc. (\u201cCenterra\u201d or the \u201cCompany\u201d) (TSX: CG) (NYSE: CGAU) announced today that it has extended its US$400 million revolving credit facility (the “Credit Facility”) with a renewed term of four years, now maturing on September 8, 2027. The Credit Facility is led by The Bank of Nova Scotia and National Bank Financial Markets and is supported by a syndicate of international financial institutions. The interest rate payable on any outstanding borrowings is based on the Secured Overnight Financing Rate plus an applicable margin of 2.25% to 3.25%. The margin is unchanged from the previous credit facility.<\/p>\n

Though the Credit Facility is currently undrawn, it offers future flexibility and may be used for general corporate purposes, including working capital, investments, acquisitions, and capital expenditures, while reducing the Company\u2019s financing costs as the Company\u2019s cash position continues to grow.<\/p>\n

\n About Centerra<\/strong>\n <\/p>\n

Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, T\u00fcrkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the \u00d6ks\u00fct Mine in T\u00fcrkiye. Centerra also owns the Goldfield District Project in Nevada, United States, the Kemess Underground Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada. Centerra\u2019s shares trade on the TSX under the symbol CG and on the NYSE under the symbol CGAU. Centerra is based in Toronto, Ontario, Canada.<\/p>\n

\n
\n For more information:<\/em>
\n <\/strong>\n <\/p>\n

Lisa Wilkinson
Vice President, Investor Relations & Corporate Communications
(416) 204-3780
lisa.wilkinson@centerragold.com<\/a>\u00a0<\/p>\n

Shae Frosst
Manager, Investor Relations
(416) 204-2159
shae.frosst@centerragold.com<\/a>\u00a0<\/p>\n

Additional information on Centerra Gold is available on the Company\u2019s website at www.centerragold.com<\/a><\/u>\u00a0and on SEDAR at www.sedar.com<\/u><\/a> and EDGAR at www.sec.gov\/edgar<\/u><\/a>.<\/p>\n

\n
\n
\n \n <\/div>\n

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

TORONTO, Sept. 11, 2023 (GLOBE NEWSWIRE) — Centerra Gold Inc. (\u201cCenterra\u201d or the \u201cCompany\u201d) (TSX: CG) (NYSE: CGAU) announced today that it has extended its US$400 million revolving credit facility (the “Credit Facility”) with a renewed term of four years, now maturing on September 8, 2027. The Credit Facility is led by The Bank of Nova Scotia and National Bank Financial Markets and is supported by a syndicate of international financial institutions. The interest rate payable on any outstanding borrowings is based on the Secured Overnight Financing Rate plus an applicable margin of 2.25% to 3.25%. The margin is unchanged from the previous credit facility. Though the Credit Facility is currently undrawn, it offers future flexibility and may be used … <\/p>\n

Continue reading “Centerra Gold Announces Extension of Corporate 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-782978","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCenterra Gold Announces Extension of Corporate 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\/centerra-gold-announces-extension-of-corporate-credit-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Centerra Gold Announces Extension of Corporate Credit Facility - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TORONTO, Sept. 11, 2023 (GLOBE NEWSWIRE) — Centerra Gold Inc. (\u201cCenterra\u201d or the \u201cCompany\u201d) (TSX: CG) (NYSE: CGAU) announced today that it has extended its US$400 million revolving credit facility (the “Credit Facility”) with a renewed term of four years, now maturing on September 8, 2027. The Credit Facility is led by The Bank of Nova Scotia and National Bank Financial Markets and is supported by a syndicate of international financial institutions. The interest rate payable on any outstanding borrowings is based on the Secured Overnight Financing Rate plus an applicable margin of 2.25% to 3.25%. The margin is unchanged from the previous credit facility. 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