SSR Mining upsizes revolving credit facility to $600M, extends maturity to 2030

SSR MINING INC.

New $600M senior secured revolving credit facility replaces prior $400M facility; matures July 31, 2030.
Interest margins range from 1.75%-2.50% for CORRA/SOFR loans and 0.75%-1.50% for prime/base rate loans based on leverage.
Financial covenants: Interest Coverage ≥3.00x, Net Leverage ≤4.00x, Senior Secured Leverage ≤3.00x while Permitted Notes outstanding.
Increased baskets: Investments up to $400M, Capital Lease/Purchase Money Liens up to $200M; Material Indebtedness default threshold raised to $50M.
Facility secured by substantially all assets of SSR Mining and material subsidiaries.

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