|
TORONTO, ONTARIO--(Marketwired - April 16, 2014) - YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY) ("the Company") today announced it has received commitments for a two year US$750 million (C$827 million) senior unsecured term facility. The facility is for corporate and working capital purposes, including the Osisko Mining Corporation ("Osisko") acquisition, and is available for draw down provided that the Osisko transaction closes prior to July 31, 2014. This is in addition to the Company's revolving credit facility which was previously increased to US$1.0 billion (C$1.1 billion). The revolving credit facility also maintains a US$250 million (C$276 million) accordian option. The terms and covenants of the term facility are substantively the same as the existing revolving credit facility, which matures March 31, 2019. |
