Osisko Gold Announces Amendment to US$450 Million Appian Credit Facility and Satisfaction of Key Technical Conditions Precedent Following Successful Completion of the Lowhee Infill Drill Program at the Cariboo Gold Project
Osisko Gold amended its US$450 million credit facility with Appian, securing reduced interest rates and an extended PIK option while maintaining full guarantees and security. Appian confirmed the satisfaction of key technical conditions precedent, removing hurdles related to the Lowhee infill drilling and ore sorting programs, thereby unlocking access to the remaining US$350 million second draw.
Key figures
- Deal Value Usd
- 450000000
- Remaining draw usd
- 350000000
- Second draw margin
- SOFR + 7.25%
- Initial draw margin
- SOFR + 9.00%
- Pik extension months
- 12
- Sofr adjustment elimination
- 0.10%
AI analysis
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