OceanaGold (ASX:OGC) extends $200 million revolving credit facility

Company News

by Katrina Bullock

Multinational gold producer, OceanaGold Corporation (ASX:OGC) has amended its existing $200 million revolving credit facility.

The amendment was made in consultation with its banking partners: Scotiabank, Citi, HSBC, Commonwealth Bank of Australia, Natixis and BNP Paribas.

The facility will no longer include a 2019 amortisation “step down” and will remain at $200 million.

It has also been extended and is now due to mature on 31 December 2021.

Shares in OceanaGold Corporation (ASX:OGC) closed 0.77 per cent higher at $2.62 yesterday.
 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.