Metals mining company Capstone Mining Corp (TSX:CS) has amended its Senior Secured Corporate Revolving Credit Facility (RCF) to provide for an extension to April 19, 2021 and a reduction in the credit available under the facility.
The notes will bear interest at 5.30 percent per annum, payable semi-annually, in arrears on each April 19 and October 19 commencing April 19, 2016 until April 19, 2021. From April 19, 2021, interest on the notes will accrue at LIBOR plus 3.92 percent, paid quarterly in arrears on each January 19, April 19, July 19 and October 19.
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