SSR Mining Increased Secured Revolving Credit Facility Size To $400M From $200M With An Additional Accordion Feature Of $100M
Portfolio Pulse from Benzinga Newsdesk
SSR Mining has increased its secured revolving credit facility size to $400M from $200M, with an additional accordion feature of $100M. The facility has a renewed term of 4 years, maturing on August 15, 2027. The expanded facility will provide the company with flexibility for working capital and other general corporate purposes.
August 16, 2023 | 8:00 am
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SSR Mining's increased credit facility provides it with greater financial flexibility, which could be beneficial for its operations and potential growth.
The increase in SSR Mining's credit facility size provides it with more financial flexibility. This could be used for various corporate purposes, including working capital, which could potentially aid in the company's operations and growth. Therefore, this news is likely to have a positive impact on SSR Mining's stock in the short term.
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