Yamana Gold Inc. (AUY,YRI.TO,YAU.L) said that it increased its revolving credit facility capacity to US$680 million from US$500 million. The credit facility was jointly arranged by Scotia Capital and RBS Securities Inc. and is being provided by a syndicate of international banks.
The company also announced the closing of a US$270 million senior debt securities offering. The private term debt offering was jointly arranged by Bank of America Merrill Lynch and RBS Securities Inc. The proceeds will be used to repay the Company's existing term loan and reduce outstanding amounts under its revolving line of credit. The offering consists of unsecured fixed coupon notes with a weighted average maturity of about 9 years and coupon of 6.75%.
The Company said that it has in excess of US$500 million of available cash and immediate and undrawn credit available for general corporate purposes.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.