Bulletin: Coeur Mining Inc.'s Credit Quality Unaffected By $50 Million Add-On To Revolving Credit Facility - S&P Global Ratings’ Credit Research

Bulletin: Coeur Mining Inc.'s Credit Quality Unaffected By $50 Million Add-On To Revolving Credit Facility

Bulletin: Coeur Mining Inc.'s Credit Quality Unaffected By $50 Million Add-On To Revolving Credit Facility - S&P Global Ratings’ Credit Research
Bulletin: Coeur Mining Inc.'s Credit Quality Unaffected By $50 Million Add-On To Revolving Credit Facility
Published Dec 18, 2020
2 pages (1027 words) — Published Dec 18, 2020
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Abstract:

NEW YORK (S&P Global Ratings) Dec. 18, 2020--S&P Global Ratings said today that its ratings on Chicago-based gold and silver producer Coeur Mining Inc. (B/Stable/--) are unchanged following the announced amendment to its credit agreement. The amendment increases the maximum principal amount of the company's revolving credit facility due 2022 by $50 million to $300 million. The company expects to use the facility, along with balance sheet cash, to fund internal growth projects, including the expansion of its Rochester mine. No new funds were drawn in connection with the closing. Our issue-level rating on the $300 million revolving credit facility due 2022 is 'BB-'. The '1' recovery rating indicates our expectation for very high (90%-100%; rounded estimate: 95%) recovery in

  
Report Type:

Bulletin

Ticker
Issuer
GICS
Gold (15104030)
Sector
Global Issuers
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Coeur Mining Inc.'s Credit Quality Unaffected By $50 Million Add-On To Revolving Credit Facility" Dec 18, 2020. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Coeur-Mining-Inc-s-Credit-Quality-Unaffected-By-50-Million-Add-On-To-Revolving-Credit-Facility-2573063>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Coeur Mining Inc.'s Credit Quality Unaffected By $50 Million Add-On To Revolving Credit Facility Dec 18, 2020. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Coeur-Mining-Inc-s-Credit-Quality-Unaffected-By-50-Million-Add-On-To-Revolving-Credit-Facility-2573063>
  
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