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Tahoe Resources (“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO) is pleased to announce that the Company entered into an amended revolving credit facility with its bank syndicate on February 16, 2018. The Company now has access to a $175 million revolving credit facility plus a $25 million accordion feature, for total access of $200 million in capital. The revised facility replaces its previous …
Tahoe Resources (“Tahoe” or the “Company”) (TSX: THO, NYSE: TAHO) is pleased to announce that the Company entered into an amended revolving credit facility with its bank syndicate on February 16, 2018. The Company now has access to a $175 million revolving credit facility plus a $25 million accordion feature, for total access of $200 million in capital.
The revised facility replaces its previous facility entered into on July 18, 2017 and will mature on July 19, 2021. This facility is structured on the strength of Tahoe’s gold business alone, and access to the facility does not rely on, nor have covenants related to, the operation of Escobal.
Ron Clayton, President and CEO of Tahoe Resources, said:
“We are extremely pleased with this revised credit facility. We view our banks as true partners and we are appreciative of their ongoing support of Tahoe, particularly over this last 8 months. This new credit facility underscores, once again, the strength and value of our gold business.”