Gold and base metals producer Eldorado Gold and its syndicate of lenders have executed an amended and restated senior credit facility, providing it with greater financial flexibility as it pursues funding alternatives for the development of its Kassandra assets in Greece.
The new agreement consists of a $250-million revolving senior secured credit facility with an option to increase the available credit by $100-million through an accordion feature, as well as a letter of credit facility.
The agreement replaces the May 2019 $450-million senior secured credit facility, which consisted of a $200-million nonrevolving credit facility and a $250-million revolving credit facility.