Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Contango Silver & Gold Inc. incurred credit facility of up to US$70 million, of which $65 million is committed in the form of a term loan facility and $5 million is uncommitted with ING Capital LLC, Macquarie Bank Limited at three-month adjusted term Secured Overnight Financing Rate (SOFR) plus (i) 6.00% maturing December 31, 2026.
- Instrument
- credit facility
- Principal
- up to US$70 million, of which $65 million is committed in the form of a term loan facility and $5 million is uncommitted
- Counterparty
- ING Capital LLC, Macquarie Bank Limited
- Rate
- three-month adjusted term Secured Overnight Financing Rate (SOFR) plus (i) 6.00%
- Maturity
- December 31, 2026
- Event
- incurrence
Exact text from the filing
Bank Limited, as collateral agent for the secured parties (“ Macquarie ”). The Credit Agreement provides for a senior secured loan facility (the “ Facility ”) of up to US$70 million, of which $65 million is committed in the form of a term loan facility and $5 million is uncommitted in the form of a discretionary liquidity buffer facility. The Company drew
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Contango Silver & Gold Inc. entered into Credit Agreement with CORE Alaska, LLC; ING Capital LLC; Macquarie Bank Limited valued at up to US$70 million (effective 2023-05-17).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- CORE Alaska, LLC; ING Capital LLC; Macquarie Bank Limited
- Value
- up to US$70 million
- Effective
- 2023-05-17
Exact text from the filing
On May 17, 2023, Contango ORE, Inc. (the “ Company ”) entered into a credit and guarantee agreement (the “ Credit Agreement ”), by and among CORE Alaska, LLC (the “ Borrower ”), each of the Company, Alaska Gold Torrent, LLC (“ AGT ”), and Contango Minerals Alaska, LLC (“CMA” and, together with the Company and AGT, the “ Guarantors ”), each of the lenders party thereto from time to time, ING Capital LLC, as administrative agent for the lenders (“ ING ”) and Macquarie Bank Limited, as collateral agent for the secured parties (“ Macquarie ”).
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