Torex Executes a Commitment Letter for a US$400 Million Facility to Refinance Project Debt

https://www.torexgold.com/news/torex-executes-a-commitment-letter-for-a-uscad400-million-facility-to-refinance-project-debt

TORONTO, Ontario, June 1, 2017 — Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) is pleased to announce the signing of a binding commitment letter (the “Commitment Letter”) by its wholly-owned subsidiary Minera Media Luna, S.A. de C.V. with BNP Paribas Securities Corp., Commonwealth Bank of Australia, ING Capital LLC and Société Générale (the “Joint Bookrunners”) in connection with a secured US$400 million debt facility (the “Loan Facility”). Upon execution of definitive documents, the Loan Facility will be available by way of a US$300 million term loan (the “Term Facility”) and a US$100 million revolving loan facility (the “Revolving Facility”). The Loan Facility will be used (i) to refinance the existing project finance facility (the “Project Finance Facility”) that was previously entered into with the Joint Bookrunners and certain other lenders, for the construction of the El Limon-Guajes Mine (“ELG”) located in southwest Mexico and (ii) for general corporate purposes. The Revolving Facility and the Term Facility will mature June 30, 2020 and June 30, 2022, respectively.

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