SIERRA METALS INC. ANNOUNCES CLOSING OF NEW SENIOR SECURED US$100 MILLION CORPORATE CREDIT FACILITY

Sierra-Metals-Inc-_11032019

TORONTO–(BUSINESS WIRE)– Sierra Metals Inc. (TSX:SMT) (NYSE American:SMTS) (BVL:SMT) (“Sierra Metals” or the “Company”) announces today that it has entered into a new six-year senior secured corporate credit facility (“Corporate Facility”) with Banco de Credito del Peru (“BCP”) that provides funding of up to US$100 million effective March 8, 2019. The Corporate Facility provides the Company with additional liquidity and will provide the financial flexibility to fund future capital projects in Mexico as well as corporate working capital requirements. The Company will also use the proceeds of the new facility to repay existing debt balances in the near term.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s