BRIEF-Detour Gold Announces Amendments To Credit Facility

Global measured and indicated mineral resources of 20.5 million ounces (inclusive of mineral reserves)

Advancing North America's 4th Largest Gold Reserves Towards Development

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BRIEF-Detour Gold Announces Amendments To Credit Facility

posted on Sep 25, 2019 08:42PM

2019-09-25 05:05:26 PM ET (Reuters)

Sept 25 (Reuters) - Detour Gold Corp:

* DETOUR GOLD ANNOUNCES AMENDMENTS TO CREDIT FACILITY

* DETOUR GOLD CORP - HAS EXECUTED A THIRD AMENDMENT AND RESTATEMENT OF ITS EXISTING CREDIT AGREEMENT

* DETOUR GOLD CORP - AMENDMENT TO PROVIDE FOR A NEW US$400 MILLION SENIOR SECURED REVOLVING CREDIT FACILITY

* DETOUR GOLD CORP - AMENDMENT HAS AN ACCORDION OPTION ALLOWING CO TO INCREASE SIZE OF FACILITY BY ANOTHER US$100 MILLION TO A TOTAL AMOUNT OF $500 MILLION

* DETOUR GOLD CORP - NEW CREDIT FACILITY HAS A FOUR-YEAR TERM, MATURING SEPTEMBER 25, 2023

* DETOUR GOLD CORP - PLANS TO PAY DOWN US$100 MILLION IN INDEBTEDNESS UNDER NEW CREDIT FACILITY BY END OF Q3 2019

* DETOUR GOLD CORP - PLANS TO FULLY PAY DOWN ITS INDEBTEDNESS UNDER NEW CREDIT FACILITY IN COMING MONTHS Source text for Eikon: Further company coverage:

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