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Discovery Mining expands revolving credit facility to US$400 million, extends maturity to 2030
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Discovery Mining expands revolving credit facility to US$400 million, extends maturity to 2030
  • Discovery Mining amended its senior secured revolving credit facility, raising total commitments to USD 400 million from USD 250 million.
  • Maturity extended to July 30, 2030 from Sept. 15, 2028; USD 100 million accordion feature unchanged.
  • Pricing reset to Term SOFR plus 0.10% credit spread adjustment; margin set at 1.875%-3% based on total net leverage.
  • Covenants loosened with a higher maximum total net leverage ratio; minimum liquidity covenant removed.
  • Facility supported by a lender syndicate led by Bank of Montreal as administrative agent.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Discovery Mining Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607310915PRIMZONEFULLFEED9801628) on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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