Americas Gold and Silver Closes $100 Million Senior Secured Debt Facility With SAF Group

MT Newswires Live

06/25

Americas Gold and Silver (USAS) said Wednesday it has closed its previously announced $100 million senior secured debt facility provided by SAF Group's funds to finance growth and development capital spending at the Galena Complex.

The $100 million term loan facility comprises a $50 million term loan tranche and two additional tranches of $25 million each, the metals mining company said, adding that the two $25 million tranches are available after fulfilling certain requirements.

The deal was first announced June 3.

Shares of the company were up 1.6% in recent Wednesday premarket activity.

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