secwatch.observer — SEC 8-K summary
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Issuer:     Gatos Silver, Inc. (—)
CIK:        0001517006
Form:       8-K
Filed at:   2023-12-19T23:59:59+00:00
Accession:  0001104659-23-127320
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gatos Silver enters amended $50M revolving credit facility with $50M accordion, maturity extended to Dec 2026
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- Revolver principal amount of $50.0 million; accordion feature increased to provide up to an additional $50.0 million.
- Maturity date extended to December 31, 2026; original facility had shorter tenor.
- Interest margin ranges from 2.75%–3.75% (SOFR) or 1.75%–2.75% (base rate) based on leverage ratio.
- Covenants include leverage ratio not greater than 3.00x, liquidity at least $20M, interest coverage at least 4.00x.
- Facility replaces prior First Amended and Restated Credit Agreement dated December 20, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517006/000110465923127320/0001104659-23-127320-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517006/000110465923127320/tm2333174d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-127320

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