Mcewen mining closes the refinancing of its $50 million debt

Toronto, june 25, 2020 (globe newswire) -- mcewen mining inc. (nyse: mux) (tsx: mux) (“mcewen” or the “company”) is pleased to announce that it has successfully refinanced its $50 million senior secured term loan facility (the “term loan”). as part of the refinancing, sprott private resource lending ii (collector), lp has replaced royal capital management corp. as a lender and the administrative agent for the term loan; and evanachan limited, a corporation wholly-owned by rob mcewen, remains a lender (collectively the “lenders”). the principal amount of the loan remains $50 million.
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