Centerra Gold extends and ups its credit facility to $600M with better rates, boosting financial flexibility.

Centerra Gold has extended and increased its revolving credit facility from $400 million to $600 million, with a new maturity date of July 15, 2030. The interest rate on borrowings has improved, now based on SOFR plus a margin of 1.875% to 3.000%, down from 2.25% to 3.25%. No funds are currently drawn on the facility, which provides the company with greater financial flexibility for working capital, investments, acquisitions, and capital expenditures. The facility is led by major banks including The Bank of Nova Scotia and National Bank of Canada, supporting Centerra's ongoing operations and growth plans.