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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.