Eldorado Gold (TSE:ELD) has released an update.
Eldorado Gold has successfully renegotiated and expanded its senior secured credit facility, increasing it from $250 million to $350 million with an additional $100 million accordion feature and extending its term by four years. This strategic financial move, endorsed by a syndicate of banks including Royal Bank of Canada, Bank of Montreal, and others, is aimed at bolstering the company’s liquidity and supporting the fully funded Skouries project slated for production in 2025. The extension signifies lender confidence in Eldorado’s business, enhancing its capability to pursue growth and add value for stakeholders.
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