barrick gold corp shares rose in early trading thursday after the company said it extended the termination date of its 3 billion revolving loan by a year to may 2027 at 1001 am et shares were up 38 at c2640 the canadian miner said that it completed an amendment and restatement of its 3 billion revolving credit facility which includes an extension to may 2027 as part of the amendments the company said it has replaced the london interbank offered rate or libor with secured overnight financing rate also known as sofr as the floating rate mechanism related to the interest rate for any us dollar funds drawn down barrick also said that it has incorporated sustainabilitylinked metrics to the loan which are made up of annual environmental and social performance targets the targets include scope 1 and scope 2 greenhouse gas emissions intensity which are emissions that are created through its operations and the energy it sources they also include water use efficiency and total recordable injury frequency rate depending on the performance relative to its set targets barrick may incur positive or negative pricing adjustments on its drawn credit spreads and fees it said