Gold.com amends credit facility, cuts size to $250 million
GOLD•Gold.com amended its credit facility on Sept. 29, converting it to an uncommitted revolving line payable on demand and reducing its maximum size to $250 million from $427.5 million.
1. Facility terms amended
Gold.com entered a Second Amended and Restated Uncommitted Credit Facility Agreement with lenders led by CIBC Bank USA. The facility is now an uncommitted revolving line of credit payable on demand, with a maximum size of $250 million, down from $427.5 million. The amended terms remove several restrictions and covenants, including limits on dividends, share repurchases, acquisitions and investments.
