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Swiss Resource Capital AG Poststrasse 1 9100 Herisau, Switzerland http://www.resource-capital.ch
Contact Mr Jochen Staiger +41 71 354 85 01
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OceanaGold Refinances Revolving Credit Facility With Improved Terms

(PresseBox) (Vancouver, )
OceanaGold Corporation (TSX:OGC, OTCQX:OCANF) (“OceanaGold” or the “Company”) - https://www.commodity-tv.com/ondemand/companies/profil/oceanagold-corp/ - announces it has refinanced its revolving credit facility. The new facility is supported by a group of seven leading international banks, five of which were part of the previous revolving credit facility.  

Key Highlights
  • New facility providing committed bank credit totalling US$200 million, plus a US$50 million accordion, replacing the previous facility.
  • Four-year facility maturing December 31, 2027.
  • Improved commercial terms compared with the previous facility.
Marius van Niekerk, Chief Financial Officer of OceanaGold, said "We are pleased that a highly reputable and global banking group has committed to provide this new facility which allows us to maintain significant financial flexibility at a lower cost. The new facility right-sizes our liquidity requirements in line with our capital management plan, which recognizes both our projected growth in production and exciting organic growth pipeline.”

About OceanaGold

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.

For further information please contact:

Investor Relations:

Rebecca Harris, Director, Investor Relations

Tel: +1 604 678 4095     

ir@oceanagold.com

www.oceanagold.com

In Europe:

Swiss Resource Capital AG

Jochen Staiger & Marc Ollinger

info@resource-capital.ch

www.resource-capital.ch

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.