Eldorado Gold Corporation announced it has entered into an agreement with a syndicate of lenders to extend and increase its senior secured credit facility (the "Credit Facility"). The Credit Facility has a four-year term and consists of a USD 350 million revolving senior secured credit facility (previously USD 250 million) with a USD 100 million accordion feature. The Company proactively extended and increased the credit facility in order to replace the October 2021 senior secured credit facility which was maturing in 2025.

The Credit Facility bears interest at a rate of SOFR plus a margin of 2.125-3.250%, dependent on the Company's net-leverage ratio. As at June 27, 2024, no amounts are drawn under the Credit Facility, however availability is reduced by EUR 126.2 million in connection with the outstanding amount of the letter of credit backstopping the Company's equity commitment for the Skouries project. Royal Bank of Canada is the administrative agent of the Credit Facility and Royal Bank of Canada, Bank of Montreal, National Bank of Canada and Canadian Imperial Bank of Commerce are Co-Lead Arrangers, Joint Bookrunners and Co-Syndication Agents for the Credit Facility.

The additional parties in the bank syndicate are Bank of America Merrill Lynch, Bank of Nova Scotia, Desjardins Bank, and HSBC Continental Europe.