VANCOUVER, BC, Dec. 15,
2023 /PRNewswire/ - OceanaGold Corporation (TSX: OGC)
(OTCQX: OCANF) ("OceanaGold" or the "Company") announces it
has refinanced its revolving credit facility. The new facility is
supported by a group of seven leading international banks, five of
which were part of the previous revolving credit facility.
Key Highlights
- New facility providing committed bank credit totalling
US$200 million, plus a US$50 million accordion, replacing the previous
facility.
- Four-year facility maturing December 31,
2027.
- Improved commercial terms compared with the previous
facility.
Marius van Niekerk, Chief
Financial Officer of OceanaGold, said "We are pleased that a highly
reputable and global banking group has committed to provide this
new facility which allows us to maintain significant financial
flexibility at a lower cost. The new facility right-sizes our
liquidity requirements in line with our capital management plan,
which recognizes both our projected growth in production and
exciting organic growth pipeline."
About OceanaGold
OceanaGold is a growing intermediate gold and copper producer
committed to safely and responsibly maximizing the generation of
Free Cash Flow from our operations and delivering strong returns
for our shareholders. We have a portfolio of four operating mines:
the Haile Gold Mine in the United States
of America; Didipio Mine in the
Philippines; and the Macraes and Waihi operations in
New Zealand.
www.oceanagold.com
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SOURCE OceanaGold Corporation