Eldorado Gold renewed its $250 million revolving credit facility. HSBC Securities served as lead arranger and sole bookrunner for the transaction.

The amended and restated credit agreement includes available credit of $250 million, an accordion feature of $100 million and an extension of the term to June 13, 2020 from November 23, 2016.

The terms are favorable to the company and consistent with current market standards. Lenders include HSBC Bank USA, JP Morgan Chase, Bank of America and Export Development Canada. HSBC Bank Canada will act as administrative agent for the lenders.

“Funds from the renewed facility will continue to provide strength to our balance sheet,” said Paul Wright, president and CEO of Eldorado Gold. “The accordion feature of the ARCA allows us to increase the principle amount of the facility to $350 million which provides additional flexibility as we continue to develop and operate our assets.”

Eldorado is a gold producer with mining, development and exploration operations in Turkey, China, Greece, Romania and Brazil.