Gammon Gold gets $75 million revolver via Scotia, Societe Generale

By Sara Rosenberg

New York, Nov. 5 - Gammon Gold Inc. closed on a new $75 million 36-month revolving credit facility, according to a news release.

The facility is being provided equally by the Bank of Nova Scotia and Societe Generale.

Pricing on the facility can range from Libor plus 325 basis points to 375 bps.

The facility can be increased to $100 million upon the completion of the Capital Gold Corp. merger and associated conditions.

There are no operational covenants associated with the facility and no restrictions on the use of proceeds.

Gammon Gold is a Toronto-based mid-tier gold and silver producer.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.