---
title: "Contango Silver & Gold Amends Credit Facility; Adds $33M Term Loans, Lowers Margin to 3.63%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292112676.md"
description: "Contango Silver & Gold amended its Credit and Guarantee Agreement, adding $33 million in term loans and lowering the margin to 3.63%. The company converted remaining gold hedges into debt and purchased put options for price protection through mid-2027. Proceeds funded hedge terminations and new options. Loan amortization schedules are set for late 2026 and mid-2027."
datetime: "2026-07-08T20:33:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292112676.md)
  - [en](https://longbridge.com/en/news/292112676.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292112676.md)
generator: "portal-rs"
---

# Contango Silver & Gold Amends Credit Facility; Adds $33M Term Loans, Lowers Margin to 3.63%

Contango Silver & Gold entered into an amendment to its Credit and Guarantee Agreement to convert remaining gold hedges into debt and enhance price protection. The amendment adds approximately $33 million of term loans, reduces the applicable margin to 3.63% per annum, and provides lender consent to terminate remaining required hedge agreements while entering new put option contracts. Proceeds funded the hedge terminations and purchase of put options tied to March 31, 2027 and June 30, 2027 deliveries. The term loans amortize with $1 million due each on September 30 and December 31, 2026, about $15.5 million on March 31, 2027, and about $28.8 million on June 30, 2027.

**Agreement details:**

-   **Agreement type**: Amendment to Credit and Guarantee Agreement with additional $33M term loans and margin cut to 3.63%
-   **Counterparty**: ING Capital, Macquarie Bank and other lenders
-   **Signed / Effective**: Jul 01 2026 / Jul 01 2026
-   **Duration / Termination**: Through Jun 30 2027
-   **Reason**: Convert remaining gold hedges into debt and add downside protection

Original SEC Filing: Contango Silver & Gold Inc. \[ CTGO \] - 8-K - Jul. 08, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**