Sierra Metals Inc. is pleased to report the refinancing of its $75 million long-term debt facility and the entering into a new $95 million facility with new covenants, payment terms, and a 5-year term . Ernesto Balarezo,
Sierra Metals' CEO, comments, "The repayment of our long-term debt is a major milestone for
Sierra Metals. The upsized amount, covenant relief, payment flexibility, and extended maturity date will provide the Company with the capacity to deliver on its future plans through improved liquidity. This transaction provides Sierra with strong liquidity, sustainable leverage, and a solid financial position on which to deliver its operational objectives. We would like to thank all the financial institutions for their continued support and ...