5N Plus renewed its $79 million senior secured multi-currency, revolving and syndicated credit facility. The agreement includes a contingent option to expand the facility to $124 million. The renewed credit facility has a two-year term, bearing interest and a margin based on the Company's senior consolidated debt to EBITDA1 ratio. In addition to its contingent option, 5N Plus can exercise a $30 million accordion feature to increase the total size of the facility to $154 million, subject to lender approval. The syndicate is comprised of five banks and financial institutions with HSBC Bank assuming the role of lead arranger and book runner.

"We are pleased to have the support of leading financial institutions as we continue to execute our strategic transformation toward deepening our position as a global material technology company," said Richard Perron, Chief Financial Officer of 5N Plus. "We continue to make significant progress along this path and have been consequently rewarded with enhanced return on capital employed, recurrent cash flows and a solid balance sheet."

5N Plus continues to remain competitive through its sustainably optimized cost structure, selection of promising growth initiatives and robust portfolio of leading customers which continue to be essential for the Company's transformation. The capital made available through its credit facility and associated contingent and accordion options are expected to finance both organic and inorganic growth initiatives.

"We continue to focus on accelerating our long-term growth story and will look beyond our current organic initiatives to support this trajectory. The additional flexibility to our credit facility will be a notable asset in realizing these ambitions," concluded Mr. Perron.