Capstone Mining extends and improves $300 million revolving credit facility

Capstone Mining Corp. (TSX: CS) announced that it has extended and amended its US$300 million corporate revolving credit facility (“RCF”) to July 25, 2022, with Canadian Imperial Bank of Commerce (CIBC) (Co-Lead Arranger, Joint Bookrunner and Administrative Agent) and Bank of Nova Scotia (Co-Lead Arranger and Joint Bookrunner). The amended RCF has removed the 50-basis point increase in the pricing grid which was meant to be effective April 19, 2019; the rate will remain at LIBOR plus 2.75% based on the current net debt to EBITDA ratio (see below for pricing grid).  In addition, the amendment removes future amortizations of the credit limit on each anniversary of the facility.

Read more at Capstone Mining Extends and Improves $300 Million Revolving Credit Facility.


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