Endeavour Silver signs USD 25 million revolving term credit facility with ING Capital - EXK News | RalliesEndeavour Silver signs USD 25 million revolving term credit facility with ING Capital
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EXK• Endeavour Silver signs revolving credit facility with ING Capital
- Endeavour Silver executed a secured revolving term credit facility of up to USD 25 million with ING Capital as administrative agent.
- An accordion feature allows requests to raise commitments by up to USD 75 million, lifting the maximum facility size to USD 100 million.
- The three-year initial term matures Aug. 5, 2029; extensions are available in one-year increments subject to lender consent.
- Pricing is set at Term SOFR or a base rate, plus a margin tied to performance against financial covenants.
- The facility is secured by first-lien interests over material subsidiaries’ personal property, and the company does not expect near-term drawdowns.
