SSR Mining Inc. has amended and restated its credit agreement, increasing its senior secured revolving credit facility by $200 million to a total of $600 million. The new agreement, dated July 31, 2026, also extends the maturity date to July 31, 2030 and includes more favorable covenants, providing the company with enhanced financial flexibility.
Key Details
- Facility Increase & Extension: The senior secured revolving credit facility was increased from $400 million to $600 million, with a new maturity date of July 31, 2030.
- Favorable Terms: Key amendments include an increased investment basket to $400 million, a higher indebtedness limit for capital leases and purchase money liens to $200 million, and an increased default threshold for material indebtedness to $50 million.
- Interest & Covenants: Borrowings bear interest at variable rates (SOFR, CORRA, etc.) plus a margin of 0.75% to 2.50% based on the company's Net Leverage Ratio. The agreement also establishes new financial covenants, including a Net Leverage Ratio of 4.00 to 1.00, required while any permitted notes are outstanding.