Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Tahoe Resources TAHO

"Tahoe Resources Inc is a mining firm. It is engaged in the operation of mineral properties for the mining of precious metals in America."


NYSE:TAHO - Post by User

Post by chapulinon Feb 20, 2018 10:54am
165 Views
Post# 27587169

Good News I guess. Banks have faith

Good News I guess. Banks have faithVANCOUVER, British Columbia, Feb. 20, 2018 VANCOUVER, British Columbia, Feb. 20, 2018 /CNW/ -- Tahoe Resources Inc. ("Tahoe" or the "Company") (TSX: THO, NYSE: TAHO) is pleased to announce that the Company entered into an amended revolving credit facility with its bank syndicate on February 16, 2018. The Company now has access to a $175 million revolving credit facility plus a $25 million accordion feature, for total access of $200 million in capital. The revised facility replaces its previous facility entered into on July 18, 2017 and will mature on July 19, 2021. This facility is structured on the strength of Tahoe's gold business alone, and access to the facility does not rely on, nor have covenants related to, the operation of Escobal. Ron Clayton, President and CEO of Tahoe Resources: "We are extremely pleased with this revised credit facility. We view our banks as true partners and we are appreciative of their ongoing support of Tahoe, particularly over this last 8 months. This new credit facility underscores, once again, the strength and value of our gold business." The Bank of Nova Scotia ("Scotia") and HSBC Securities (USA) Inc. acted as Co-Lead Arrangers and Joint Bookrunners on the facility, and Scotia acted as Administrative Agent. In addition, the bank syndicate also includes Bank of Montreal, Royal Bank of Canada, Canadian Imperial Ba
<< Previous
Bullboard Posts
Next >>