Alio Gold Announces Restructuring of Existing Debt Facility


VANCOUVER, July 5, 2018 /CNW/ – Alio Gold Inc (TSX: ALO) (NYSE AMERICAN: ALO) (“Alio Gold” or the “Company”), is pleased to announce that it has restructured the existing debt facility, with Macquarie Bank Limited (“Macquarie”), which was scheduled to be repaid in December 2018. As of June 30, 2018 the outstanding principal of $15 million will be repaid, in twelve quarterly payments of $1.25 million in principal together with accrued interest, ending in June 2021. The first principal and interest payment will be made September 30, 2018. The facility has an interest rate of LIBOR + 8% and is secured by a general security agreement and guarantee by Alio Gold.

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