Silver Wheaton Corp. (TSX, NYSE: SLW) says it closed a $1 billion non-revolving term loan with a three-year term, extendable by one year with the unanimous consent of lenders. The company says they will use the NRT loan to repay the remaining balance of $560 million on its bridge facility and $440 million outstanding under its revolving facility. "Given Silver Wheaton's strong cash flows and relatively fixed costs, we are very comfortable with our current balance sheet and our ability to swiftly repay the outstanding debt," says Randy Smallwood, Silver Wheaton's president and chief executive officer. "Following the closing of this loan, there is $940 million of credit available under the revolving facility, which, together with strong operating cash flows, positions the company well for continued growth." The company now has a total debt outstanding of $1.06 billion with $1 billion outstanding on the NRT Loan and $60 million outstanding under the revolving facility, which matures in February 2018. The bridge facility was terminated following the repayment of the outstanding balance, the company says.