Apex Trader Funding (ATF) - News
Atico Announces Amendment and Extension of US$10 Million Credit Facility
VANCOUVER, British Columbia, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the "Company" or "Atico") ((TSX.V: ATY, OTCQX:ATCMF) is pleased to announce that it has entered into an amendment and restatement agreement with Trafigura PTE. LTD. (the "Lender") to amend the US$ 10 million credit agreement entered into with the Lender in February 2022 (see Atico's press release dated February 9, 2022), by extending the maturity date of the credit facility from August 8, 2024, to July 31, 2026, with the following principal repayment schedule:
US$ 650,000 due on January 31, 2025, and April 30, 2025;
US$ 700,000 due on July 31, 2025;
US$ 950,000 due on Oct 31, 2025, January 31, 2026, and April 30, 2026; and
US$ 5,150,000 due on July 31, 2026;
The outstanding principal will bear interest at a rate of SOFR plus 7.5%.
About Atico Mining Corporation
Atico is a growth-oriented Company, focused on exploring, developing and mining copper and gold projects in Latin America. The Company generates significant cash flow through ...