Yamana Acquires Credit Facilities.
International Resource News-29 December 2008-Yamana Acquires Credit Facilities(C)2008 ENPublishing - http://www.enpublishing.co.uk
International Resource News - 29 December 2008(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
Yamana Gold, Inc (TSX: YRI)(NYSE:AUY)(LSE:YAU), a Canada-based company that explores for gold, has completed acquiring a credit facility.
The company has secured USD200m of revolving credit facility. The facility was jointly arranged by Scotia Capital and RBS Greenwich Capital, and is being provided by a syndicate of international banks. Including a pre-existing USD300m revolving credit facility maturing in 2012, the company now has USD500m of available credit under revolving credit lines of which around USD250m remains completely undrawn.
The company currently has around half a billion dollars of cash and immediate and undrawn credit availability for corporate purposes.
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