SSR Mining doubles revolving facility to $400 million, extends to 2027

By Wendy Van Sickle

Columbus, Ohio, Aug. 15 – SSR Mining Inc. increased the size of its undrawn revolving credit facility to $400 million from $200 million, according to a news release.

The facility continues to have a $100 million accordion feature.

The facility’s maturity was extended to Aug. 15, 2027.

The changes are part of an amended undrawn revolver.

The facility bears interest at SOFR plus 200 basis points to 275 bps, based on the company’s net leverage ratio and amounts drawn from the facility.

The facility may be used by the company for working capital and other general corporate purposes.

Bank of Nova Scotia acted as administrative agent and as co-lead arranger and joint bookrunner along with Canadian Imperial Bank of Commerce.

The Vancouver, B.C.-based gold and silver company, formerly known as Silver Standard Resources, owns gold-producing assets in the United States, Turkey, Mexico, Peru and Canada.

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