OceanaGold Refinances Revolving Credit Facility With Improved Terms
December 15, 2023
News Release
OceanaGold Refinances Revolving Credit Facility With
Improved Terms
(VANCOUVER) OceanaGold Corporation (TSX:OGC, OTCQX:OCANF) (“OceanaGold” or the “Company”)
announces it has refinanced its revolving credit facility. The new facility is supported by a group of s even
leading international banks, five of which were part of the previous revolving credit facility.
Key Highlights
• New facility providing committed bank c redit totalling US$200 million, plus a US$50 million
accordion, replacing the previous facility.
• Four-year facility maturing December 31, 2027.
• Improved commercial terms compared with the previous facility.
Marius van Niekerk, Chief Financial Officer of OceanaGold, said "We are pleased that a highly reputable
and global banking group has committed to provide this new facility which allows us to maintain significant
financial flexibility at a lower cost . The new f acility right-sizes our liquidity requirements in line with our
capital management plan, which recognizes both our projected growth in production and exciting organic
growth pipeline.”
About OceanaGold
OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly
maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our
shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of
America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.
For further information please contact:
Investor Relations:
Rebecca Harris, Director, Investor Relations
Tel: +1 604 678 4095
www.oceanagold.com