Equinox gold strengthens balance sheet with updated credit facility

All dollar amounts shown in united states dollars unless otherwise noted vancouver, bc , july 28, 2022 /prnewswire/ - equinox gold corp. (tsx: eqx) (nyse american: eqx) ("equinox gold" or the "company") is pleased to announce it has strengthened its balance sheet and increased its liquidity by amending its existing credit facility. equinox gold and its lenders have revised the credit facility to: increase the maximum amount available under the revolving facility from $400 million to $700 million $300 million drawn at end of q2 2022, $100 million drawn in july 2022 $73 million of carrying value remaining on the amortizing term loan has been rolled into the revolving facility, eliminating the need for principal payments through mid-2026 add a $100 million uncommitted accordion feature reduce pricing for advances by 0.25% - 0.50% depending on leverage ratios extend the maturity date to july 28, 2026, with the ability to request an additional one-year extension peter hardie, chief financial officer of equinox gold, commented: "the revised credit facility increases equinox gold's liquidity, reduces our cost of capital and extends the maturity date of our debt while we focus on building greenstone.
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