Wheaton Precious Metals Signs US$2 Billion Sustainability-Linked Revolving Credit Facility
July 18, 2022 TSX | NYSE | LSE: WPM
Vancouver, British Columbia
WHEATON PRECIOUS METALS SIGNS US$2 BILLION SUSTAINABILITY-LINKED
REVOLVING CREDIT FACILITY
Vancouver, British Columbia – Wheaton Precious Metals™ Corp. (“Wheaton” or the
“Company”) has added a sustainability-linked element in connection with the extension to its
existing undrawn US$2 billion revolving credit facility underscoring Wheaton’s commitment to
sustainability initiatives.
“At Wheaton, sustainability is integral to every aspect of our business, strategy and overall
success,” said Randy Smallwood, Wheaton’s President and Chief Executive Officer.
“Integrating key performance indicators that are based on our ambitious sustainab ility goals
into the renewal of our credit facility demonstrates that we are committed and accountable to
creating value for all of our stakeholders, including our shareholders, mining partners and our
neighbours. It is the right thing to do, and we hope to see more of our peers in the streaming
and mining industry do the same.”
The renewed revolving credit facility is aligned with Wheaton’s sustainability strategy, which
includes a commitment to net zero carbon emissions by 2050. More information on Wheaton’s
sustainability targets are included in the company’s annual Sustainability Report.
Under the renewed revolving credit facility, the interest rate paid on drawn amounts and
standby fees will be adjusted based upon Wheaton’s performance in three sustainability -
related areas:
• Wheaton’s attributable emissions from third-party mining partners operations covered
by science-based emissions targets
• Diversity at the Wheaton group’s board and management levels
• Wheaton’s S&P ESG score
Wheaton has also extended the maturity date of the renewed revolving credit facility by one
year to July 18, 2027. The Company currently has no amounts drawn under the r evolving
credit facility.
The Bank of Nova Scotia and Bank of Montreal acted as Joint Bookrunners and Co-Lead
Arrangers of the revolving credit facility. Bank of Montreal and Royal Bank of Canada acted
as Co-Lead Sustainability Structuring Agents and Coordinators, and The Bank of Nova Scotia
and Canadian Imperial Bank of Commerce acted as Co -Sustainability Agents. Bank of
America, The Toronto-Dominion Bank and Export Development Canada acted as lenders.
For further information, please contact:
Patrick Drouin
Senior Vice President, Sustainability and Investor Relations
Wheaton Precious Metals Corp.
Tel: 1-844-288-9878
Email: [email protected]
Website: www.wheatonpm.com
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CAUTIONARY NOTE REGARDING FORWARD-LOOKINGSTATEMENTS
This press release contains "forward-looking statements" within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and "forward -looking information" within the
meaning of applicable Canadian securities legislation concerning the business, operations and
financial performance of Wheaton and, in some instances, the business, min ing operations and
performance of Wheaton’s precious metals purchase agreement (“PMPA”) counterparties.
Forward-looking statements, which are all statements other than statements of historical fact,
include, but are not limited to Wheaton’s climate change and environmental commitments,
Wheaton’s sustainability-linked commitments and targets and the interest rates and fees payable
under the revolving credit facility . Generally, these forward-looking statements can be identified
by the use of forward -looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "projects", "intends", "anticipates" or
"does not anticipate", or "believes", "potential", or variations of such words and phrases or
statements that certain actions, events or results "may", "could", "would", "might" or "will be
taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown
risks, uncertainties and other factors that may cause the actual results, level of activity,
performance or achievements of Wheaton to be materially different from those expressed or
implied by such forward-looking statements, including but not limited to risks associated with the
ability to achieve climate change and environmental commitments at Wheaton and at the Mining
Operations, risks associated with the ability to achieve sustainability linked commitments and
targets and the risks associated with interest rate adjustments and fees under the revolving credit
facility and other risks discussed in the section entitled "Description of the Business – Risk
Factors" in Wheaton's Annual Information Form available on SEDAR at www.sedar.com, and in
Wheaton's Form 40-F for the year ended December 31, 2021 and Form 6-K filed March 10, 2022
both available on ED GAR at www.sec.gov, as well as the risks set out in Wheaton’s
management’s discussions and analysis for the period ended December 31 , 2021 available on
SEDAR and EDGAR (together, the “Disclosure”). Forward -looking statements are based on
assumptions management currently believes to be reasonable, including (without limitation): that
Wheaton will be able to achieve climate change and en vironmental commitments and that
Wheaton will be able to achieve its sustainability-linked commitments and targets and such other
assumptions and factors as set out in the Disclosure. There can be no assurance that forward -
looking statements will prove to be accurate and even if events or results described in the forward-
looking statements are realized or substantially realized, there can be no assurance that they will
have the expected consequences to, or effects on, Wheaton. Readers should not place undue
reliance on forward-looking statements and are cautioned that actual outcomes may vary. The
forward-looking statements included herein are for the purpose of providing readers with
information to assist them in understanding Wheaton's expected financial a nd operational
performance and may not be appropriate for other purposes. Any forward -looking statement
speaks only as of the date on which it is made, reflects Wheaton’s management’s current beliefs
based on current information and will not be updated exc ept in accordance with applicable
securities laws. Although Wheaton has attempted to identify important factors that could cause
actual results, level of activity, performance or achievements to differ materially from those
contained in forward-looking statements, there may be other factors that cause results, level of
activity, performance or achievements not to be as anticipated, estimated or intended.