Trident Royalties Plc announced that, following the announcement on 29 November 2023, the Company has now signed the facility agreement with BMO Capital Markets and CIBC for a new US$40 million revolving credit facility (the "RCF"), with an option to...
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February 19, 2024, 07:05 AM
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Ramaco Resources announced that its principal bank lender, KeyBank, has amended the Company's existing revolving credit agreement to increase the overall commitments under the Facility to $125 million. The Facility also provides the Company an...
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February 21, 2023, 07:47 AM
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Great Rock Capital closed a $34.2 million senior secured credit facility with Blaschak Anthracite Corporation (“Blaschak”), a portfolio company of Milestone Partners. Blaschak is a leading producer of ultra-high-grade anthracite, which is one of...
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December 05, 2022, 07:57 AM
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LSQ expanded its relationship with Wilson Creek Energy by originating a $15 million credit facility for the Pennsylvania-based metallurgical coal producer. The company will use the additional capital to expand their operations and take on new clients...
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September 01, 2022, 07:00 AM
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MAG Silver Corp. signed a binding commitment letter with the Bank of Montreal (“BMO”) for a fully underwritten US$40 million revolving credit facility. Closing of the Facility is expected to occur by mid-December 2021 and is subject to the...
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November 15, 2021, 07:47 AM
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Republic Metals Refining Corporation, a Florida-based provider of precious metals refining services, has asked a bankruptcy judge to approve the sale of the company "Free and Clear of All Liens, Claims, Rights, Interests and Encumbrances"...
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December 27, 2018, 08:00 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced that it recently provided a new $7,500,000 senior credit facility to Paramus, New Jersey-based Salem Steel NA, LLC (Salem Steel). Salem Steel is an importer and master distributor...
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September 28, 2017, 07:12 AM
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Tahoe Resources Inc. announced that the Company has entered into an Amended and Restated Credit Agreement with a syndicate of lenders to increase its revolving credit facility from $150 million to $300 million with a $50 million accordion feature...
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July 24, 2017, 08:00 AM
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Hudson Resources, a Canadian mining concern, announced the completion of its debt funding arrangement for a Senior Loan of $13.0 million and a Subordinated Loan of $9.5 million, for a total of $22.5 million, in it’s 100% owned subsidiary, Hudson...
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July 18, 2017, 07:00 AM
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Hilco Industrial, LLC announced that Mark A. Smith has joined the firm, focusing on the metals, mining and adjacent sectors. Mr. Smith is based in Northbrook IL, reporting to Tom Greco and Steve Wolf, Co-CEOs of Hilco Industrial.Mr. Smith joins Hilco...
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July 12, 2017, 07:15 AM
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Detour Gold Corporation announced that it has concluded its negotiations with its existing bank group on a $500 million Senior Secured Credit Facility comprised of a $300 million Revolving Credit Facility for a tenor of four years and a $200 million...
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July 11, 2017, 07:18 AM
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Global mining and metals companies’ focus on debt reduction is in danger of going too far and compromising long-term growth. According to a new EY report on debt and working capital in the mining sector, debt has fallen by almost 25% in the sector...
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June 23, 2017, 07:55 AM
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Royal Gold, Inc. announced that it entered into a new $1 billion, 5-year revolving credit facility with a final maturity in June 2022. The new credit facility replaces Royal Gold's prior $650 million credit facility that was set to mature in March...
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June 05, 2017, 07:12 AM
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After five issuer defaults already this month accounting for nearly $2 billion in new volume, Fitch Ratings now expects the US high-yield default rate to end 2015 at around 3.5% -- above the 2.9% trailing 12- month (TTM) rate through September. This...
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October 12, 2015, 07:23 AM
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GE Capital, Corporate Finance today announced it is serving as administrative agent on $340 million in revolving credit facilities for subsidiaries of Wise Metals Group, LLC. The facilities will be used to fund the company’s growth and ongoing...
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January 06, 2014, 08:08 AM
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