Hycroft Mining extinguishes remaining debt with $125.5M payment

Published 3 weeks ago Positive
Hycroft Mining extinguishes remaining debt with $125.5M payment
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Hycroft Mining Holding (NASDAQ:HYMC [https://seekingalpha.com/symbol/HYMC]) said [https://seekingalpha.com/pr/20268531-hycroft-announces-repayment-of-all-debt] on Thursday that it has fully extinguished its remaining debt with payments of $125.5M.

Shares were +2.45% pre-market to $8.79.

The company repaid its outstanding $15.0M principal balance on its first-lien debt and repurchased subordinated notes with an aggregate face value of $120.8M at a 9% discount to face value for a total of $110.4M.

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