TMAC Resources has entered into an agreement with the lenders to extend the period during which TMAC can draw on the remaining $70 million of its debt facility from June 30, 2016 to December 31, 2016.
The amendment to the credit agreement for the debt facility extends the availability period during which the company can draw under the debt facility from the first currently available extension period of August 31, 2016 to December 31, 2016. In conjunction with the above, TMAC anticipates drawing a portion of the $70 million in July 2016. Additional draws are anticipated as funds are needed.
