Horizon Copper Strengthens Financing Capacity with $30 Million Revolving Credit Facility Plus $20 Million Accordion Feature
Horizon Copper Corp. (TSX-V: HCU) (OTCQX: HNCUF) has secured a $30 million revolving credit facility with an additional $20 million accordion feature, totaling up to $50 million in potential financing. The four-year facility, provided by National Bank of Canada and The Bank of Nova Scotia, matures in September 2028 and is extendable. Horizon plans to use the funds for future asset acquisitions, Hod Maden project development, and general corporate purposes. The loan's interest rate is set at SOFR plus 2.50%–3.75%, with a standby fee of 0.56%–0.84% on undrawn amounts. The company must maintain a leverage ratio below 4.0x, excluding debt held by Sandstorm Gold
Horizon Copper Corp. (TSX-V: HCU) (OTCQX: HNCUF) ha ottenuto un finanziamento rotativo di 30 milioni di dollari con un ulteriore caratteristica di accordo di 20 milioni di dollari, per un totale di fino a 50 milioni di dollari in potenziabile finanziamento. Questa linea di credito di quattro anni, fornita dalla National Bank of Canada e dalla Bank of Nova Scotia, scade nel settembre 2028 ed è prorogabile. Horizon intende utilizzare i fondi per future acquisizioni di asset, sviluppo del progetto Hod Maden e finalità aziendali generali. Il tasso d'interesse del prestito è fissato a SOFR più il 2,50%–3,75%, con una commissione di standby dello 0,56%–0,84% sugli importi non utilizzati. La società deve mantenere un rapporto di leva finanziaria al di sotto di 4.0x, escludendo il debito detenuto da Sandstorm Gold.
Horizon Copper Corp. (TSX-V: HCU) (OTCQX: HNCUF) ha conseguido un facilidad de crédito rotativo de 30 millones de dólares con una característica de acorde adicional de 20 millones de dólares, totalizando hasta 50 millones de dólares en financiamiento potencial. La facilidad de cuatro años, proporcionada por National Bank of Canada y The Bank of Nova Scotia, vence en septiembre de 2028 y es extensible. Horizon planea utilizar los fondos para futuras adquisiciones de activos, desarrollo del proyecto Hod Maden y propósitos corporativos generales. La tasa de interés del préstamo se establece en SOFR más el 2.50%–3.75%, con una tarifa de reserva del 0.56%–0.84% sobre las cantidades no retiradas. La empresa debe mantener una relación de apalancamiento por debajo de 4.0x, excluyendo la deuda mantenida por Sandstorm Gold.
Horizon Copper Corp. (TSX-V: HCU) (OTCQX: HNCUF)는 3천만 달러의 회전 신용 시설을 확보했으며, 추가로 2천만 달러의 애코디언 기능을 가지고 있어 총 5천만 달러의 잠재적인 자금을 마련했습니다. 이 4년 기간의 시설은 캐나다 국민은행(National Bank of Canada)과 노바 스코샤 은행(The Bank of Nova Scotia)에서 제공하며, 2028년 9월에 만료되고 연장 가능합니다. Horizon은 이 자금을 미래 자산 인수, Hod Maden 프로젝트 개발 및 일반 기업 목적을 위해 사용할 계획입니다. 대출의 이자율은 SOFR 플러스 2.50%–3.75%로 설정되며, 미사용 금액에 대해서는 0.56%–0.84%의 대기 수수료가 부과됩니다. 회사는 Sandstorm Gold가 보유한 부채를 제외하고 부채 비율을 4.0x 이하로 유지해야 합니다.
Horizon Copper Corp. (TSX-V: HCU) (OTCQX: HNCUF) a obtenu une facilité de crédit renouvelable de 30 millions de dollars avec une caractéristique d'accord de 20 millions de dollars supplémentaire, totalisant jusqu'à 50 millions de dollars de financement potentiel. La facilité de quatre ans, fournie par la Banque Nationale du Canada et la Banque de Nouvelle-Écosse, arrive à échéance en septembre 2028 et peut être prolongée. Horizon prévoit d'utiliser les fonds pour de futures acquisitions d'actifs, le développement du projet Hod Maden et des finalités d'entreprise générales. Le taux d'intérêt du prêt est fixé à SOFR plus 2,50 %–3,75 %, avec des frais de standby de 0,56 %–0,84 % sur les montants non tirés. L'entreprise doit maintenir un ratio d'endettement inférieur à 4,0x, excluant la dette détenue par Sandstorm Gold.
Horizon Copper Corp. (TSX-V: HCU) (OTCQX: HNCUF) hat eine 30-Millionen-Dollar revolving Kreditfazilität mit einer zusätzlichen 20-Millionen-Dollar Accordion-Funktion gesichert, die insgesamt bis zu 50 Millionen Dollar an potenzieller Finanzierung beläuft. Die vierjährige Fazilität, bereitgestellt von der National Bank of Canada und der Bank of Nova Scotia, läuft im September 2028 aus und kann verlängert werden. Horizon plant, die Mittel für zukünftige Asset-Akquisitionen, die Entwicklung des Projekts Hod Maden und allgemeine Unternehmenszwecke zu verwenden. Der Zinssatz des Kredits beträgt SOFR plus 2,50%–3,75%, mit einer Standby-Gebühr von 0,56%–0,84% auf nicht abgerufene Beträge. Das Unternehmen muss ein Verschuldungs Verhältnis von unter 4,0x aufrechterhalten, ausgenommen die von Sandstorm Gold gehaltenen Schulden.
- Secured $30 million revolving credit facility with $20 million accordion feature
- Increased financial flexibility for future asset acquisitions and project development
- Four-year term with possibility of extension
- Competitive interest rates based on SOFR plus 2.50%–3.75%
- Additional debt may increase financial risk
- Interest payments and standby fees could impact cash flow
- Leverage ratio requirement of less than 4.0x may limit future borrowing capacity
"We are pleased to expand our financing capabilities with this new Revolving Loan," commented Erfan Kazemi, Horizon's President & CEO. "This credit facility, coupled with our existing cash reserves, improves Horizon's financing flexibility as we look to grow the Company and continue to invest in the development work at Hod Maden."
ABOUT HORIZON COPPER
Horizon Copper is a premier copper company holding a portfolio of unparalleled copper assets including a
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains forward-looking information within the meaning of Canadian securities laws. Although Horizon believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by Horizon is not a guarantee of future results or performance and that actual results may differ materially from those in forward-looking information as a result of various factors, including, but not limited to the use of the Revolving Loan including future asset acquisitions and other risks and factors that the Company is unaware of at this time. The forward-looking statements contained in this press release are made as of the date of this press release. Horizon disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The securities referred to in this press release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Horizon Copper Corp.
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