Silver Wheaton to repay revolving facility via common share offering

By Tali Rackner

Norfolk, Va., March 30 – Silver Wheaton Corp. plans to repay a portion of the debt that was drawn on its $2 billion revolving credit facility in November 2015 using the proceeds from a $500 million common share offering, according to a press release.

Revolver borrowings were used for the company’s $900 million purchase of the silver stream on the Antamina mine in Peru.

As of Dec. 31, Silver Wheaton had about $103 million of cash on hand and $1,466,000,000 outstanding under the revolver.

Silver Wheaton is a silver exploration company based in Vancouver, B.C.

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