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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.