Silver Wheaton lifts revolving credit facility to $2bn

The world’s largest precious metals streaming firm Silver Wheaton has amended and restated its revolving credit facility on Friday, increasing the available credit from $1-billion to $2-billion and extending the term by two years to February 27, 2020. Silver Wheaton advised that it used proceeds drawn from this amended revolving facility together with cash on hand to repay the $1-billion of debt previously outstanding under its nonrevolving term loan and terminated this loan.