SSR Mining enters $600M senior secured revolving credit facility
On July 31, 2026, SSR Mining Inc. entered into a Second Amended and Restated Credit Agreement with a syndicate of lenders led by The Bank of Nova Scotia as administrative agent.
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- The new credit facility provides aggregate commitments of $600.0 million, up from the $400.0 million under the prior agreement, and matures on July 31, 2030.
- Borrowings can be in U.S. or Canadian dollars with interest margins ranging from 1.75% to 2.50% for CORRA/SOFR loans and 0.75% to 1.50% for prime/base rate loans, based on the Company's Net Leverage Ratio.
- Key amendments include increasing the investment basket to $400.0 million, raising the capital lease/purchase money lien limit to $200.0 million, and setting financial covenants (Interest Coverage 3.00x, Net Leverage 4.00x, Senior Secured Leverage 3.00x) while Permitted Notes are outstanding.
- The facility is secured by substantially all of the Company's and material subsidiaries' personal property and contains customary covenants and events of default.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits