Seabridge Gold Receives $100M Unsecured Short-Term Loan From Unnamed Strategic Investor
The Loan is drawable at the Company's election in minimum calls of US$10 million each, has an interest rate of 7% compounded monthly, and is capitalized and matures on December 31, 2026. The Loan is repayable either
Seabridge Gold borrowed $100 million from someone to help with money needs until the end of 2026. When you see a company borrowing money, think about whether they need it for growing their business or if they're in trouble—both are possible.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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