Hycroft Mining amends credit agreement to replace LIBOR with Term SOFR and corrects cross-reference

HYCROFT MINING HOLDING CORP

Second Amendment corrects a cross-reference error in Section 9.1(c) of the Second A&R Agreement.
Replaces LIBOR with three-month Term SOFR plus 0.26161% adjustment, effective July 1, 2023.
Interest rate now Adjusted Term SOFR + 7.00% margin; no change to principal amount or maturity.
Amendment is technical and administrative; no new borrowings or financial impact.

Key facts

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HYCROFT MINING HOLDING CORP amended Second Amendment to Second Amended and Restated Credit Agreement with Sprott Private Resource Lending II (Collector), LP (effective 2023-07-01).

Action: amendment
Agreement: credit facility
Counterparty: Sprott Private Resource Lending II (Collector), LP
Effective: 2023-07-01

Exact text from the filing

On July 1, 2023, Hycroft Mining Holding Corporation (the “Company”) entered into a Second Amendment to Second Amended and Restated Credit Agreement (“Second Amendment to Second A&R Agreement”), by and between the Company, Sprott Private Resource Lending II (Collector), LP (the “Lender”), Sprott Resource Lending Corp. (“Arranger” and together with the Lender, the “Sprott Parties”), and certain subsidiaries of the Company as guarantors.

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Source: SEC EDGAR

accession 0001493152-23-023311

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