This article has been disseminated on behalf of Silvercorp Metals and may include paid advertising.
Silvercorp Metals (TSX: SVM) (NYSE American: SVM) announced it has entered into a three-year syndicated term loan facilities agreement totaling RMB1.5 billion (approximately $220 million), with total bank commitments reaching RMB2 billion, representing a two-times oversubscription. The facilities include a floating-rate tranche of RMB425.5 million priced at CNH HIBOR plus 1.92% and a fixed-rate tranche of RMB1.0475 billion at 3.67%, with rates subject to reductions based on leverage metrics. Arranged by Standard Chartered Bank (Hong Kong) Limited, the financing will support general corporate purposes and global working capital needs, enhancing the company’s capital structure and financial flexibility as it advances growth initiatives across its international mining portfolio.
To view the full press release, visit https://ibn.fm/ofkMn
About Silvercorp
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company’s strategy is to create shareholder value by 1) focusing on generating free cash flow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG.
NOTE TO INVESTORS: The latest news and updates relating to SVM are available in the company’s newsroom at https://ibn.fm/SVM
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