07:50:14 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Tahoe Resources Inc
Symbol THO
Shares Issued 312,775,761
Close 2018-02-16 C$ 5.17
Market Cap C$ 1,617,050,684
Recent Sedar Documents

Tahoe Resources amends revolving credit line

2018-02-20 12:41 ET - News Release

Ms. Alexandra Barrows reports

TAHOE ANNOUNCES AMENDED $175 MILLION CREDIT FACILITY

Tahoe Resources Inc. entered into an amended revolving credit facility with its bank syndicate on Feb. 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 chief executive officer of Tahoe Resources, stated: "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 eight months. This new credit facility underscores, once again, the strength and value of our gold business."

Bank of Nova Scotia and HSBC Securities (USA) Inc. acted as co-lead arrangers and joint bookrunners on the facility, and Scotiabank acted as administrative agent. In addition, the bank syndicate also includes Bank of Montreal, Royal Bank of Canada, Canadian Imperial Bank of Commerce, Toronto-Dominion Bank and National Bank of Canada.

About Tahoe Resources Inc.

Tahoe's strategy is to responsibly operate mines to world standards and to develop high-quality precious metal assets in the Americas.

© 2024 Canjex Publishing Ltd. All rights reserved.