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TSXCGBullishCorporate Developmentsnews

High materiality7/10

Centerra raises revolving facility to US$600m, extending liquidity runway

Jul 15, 2026, 5:08 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Hard liquidity improvements and a longer debt runway reduce financing risk, potentially easing debt covenants and supporting capex/project timelines; favorable margin changes lower financing costs, which can support cash flow and valuation.

AI summary

What happened, with direct paths to the underlying reporting

Centerra Gold announced an amendment to extend and increase its revolving credit facility to US$600 million, maturing July 15, 2030, with a SOFR-based margin of 1.875%–3.000%. With no draws as of July 15, 2026, the move broadens liquidity for working capital, capex, and potential acquisitions, supporting ongoing operations at Mount Milligan, Öksüt, and Kemess projects.

Centerra expands revolving credit facility to US$600m; matures July 15, 2030.
SOFR margin tightened to 1.875–3.000% from 2.25–3.25%.
As of July 15, 2026, no amounts drawn under the facility.
Lenders include BNS and National Bank; used for working capital and capex.

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