TSX- and NYSE-listed miner Alamos Gold has reached agreement with its syndicate of lenders to increase its undrawn existing $150-million revolving credit facility by $250-million to $400-million on more favourable terms the company announced on Thursday.
Based in Canada’s financial capital Toronto, Alamos advised that the amended facility will benefit the company with improved pricing at its current leverage ratio, including undrawn fees of 0.45% and drawn fees of Libor plus 2%. This compares with undrawn fees of 0.48% and drawn fees of Libor plus 2.125% under the previous credit facility.
