Eldorado Gold Announces Extension and Increase of its Senior Secured Credit Facility

The Credit Facility has a four-year term and consists of a US$350 million revolving senior secured credit facility (previously US$250 million) with a US$100 million accordion feature. The Company proactively extended and increased the credit facility in order to replace the October 2021 senior secured credit facility which was maturing in 2025. The Credit Facility bears interest at a rate of SOFR plus a margin of 2.125- 3.250%, dependent on the Company's net-leverage ratio. "The extension and increase of ou ...