Silvercorp Metals Inc. had entered into a 3-year syndicated term loan facilities agreement with a syndicate of international banks. Facilities Size: An aggregate of RMB 1,500 million in principal, approximately USD 220 million (with total bank commitments reaching RMB 2,000 million (approximately USD 293 million) -- representing a 2x oversubscription against the original target of RMB 1,000 million). Maturity: 3 years from the date of initial drawdown.
Sole mandated lead arranger and bookrunner: Standard Chartered Bank (Hong Kong) Limited. Interest Rates and Fees: 1) Facility A (Floating) in the amount of RMB 425.5 million: Floating rate pricing based on CNH HIBOR (1.60% as of March 31, 2026) plus a margin of 1.92% per annum 2) Facility B (Fixed) in the amount of RMB 1,047.5 million: Fixed interest rate of 3.67% per annum 3) Both tranches are subject to reduced interest rates based on the Company's consolidated net leverage ratio 4) Facilities are subject to payment of certain fees, including an upfront fee. Repayment Currency: RMB, with future repayments funded from RMB dividends received outside of China from the Company's China operations.
Use of Proceeds: for general corporate purposes and to support the Company's global working capital requirements, further optimizing the company's capital structure and strengthening its financial flexibility. Security: The Facility will be guaranteed by, and secured by certain accounts and share security by, the Company and certain subsidiaries of the Company. This landmark financing complements the Company's robust cash reserves, consistent operating cash flow, and established financing platform, reinforcing the financial foundation to deliver on its long-term strategic growth objectives across a global mining portfolio ?
including growth opportunities in Kyrgyzstan and Ecuador.
