Iamgold (IAG) said Monday that the company and its group of lenders have amended its existing secured revolving credit facility, extending its term to four years through Dec. 20, 2028.
The facility size has also been increased to $650 million from $425 million, the company said, adding that the facility will be available for general working capital purposes.
Iamgold shares were 1.2% lower in recent trading.
Price: 5.15, Change: -0.05, Percent Change: -0.96
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