On Sept. 11, 2017, Chicago-based Coeur Mining announced the entry into an agreement for the acquisition of JDS Silver Holdings Ltd, which owns the Silvertip Mine in British Columbia, Canada. As a result of the acquisition, the company is obtaining a four-year, $200 million revolving credit facility, under which $100 million is expected to be drawn down. We are affirming our 'BB-' corporate credit rating on the company. We are also affirming our 'BB-' issue-level rating on the company's senior unsecured notes due 2024, and assigning our 'BB+' issue-level rating on the senior secured revolving credit facility. The stable outlook reflects our expectation that Coeur Mining will meet its production and cost targets and generate EBITDA such that leverage remains
