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Message: B2Gold Secures Upsized $500 Mln Revolving Credit Facility

 

2017-07-18 05:31:19 PM ET (MT Newswires)
   
   

05:31 PM EDT07/18/2017 (MT Newswires) -- B2Gold Corp (BTG), a Canada-based gold producer, said late Tuesday it has secured an upsized $500 million revolving credit facility.

The company initially entered into an amended and restated credit agreement on July 7 with a syndicate of international banks for an upsized RCF for an aggregate amount of $500 million, representing a $75 million increase from the principal amount of $425 million under its existing revolving credit facility.

The upsized revolving credit facility also allows for an accordion feature whereby upon receipt of additional binding commitments, the facility may be increased to $600 million any time prior to the maturity date.

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