Silver Wheaton announces US$1 billion term credit facility

          Silver Wheaton announces US$1 billion term credit facility

  PR Newswire

  VANCOUVER, British Columbia, May 29, 2013

VANCOUVER, British Columbia, May 29, 2013 /PRNewswire/ --



Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX: SLW) (NYSE:
SLW) announces the closing of a US$1 billion non-revolving term loan ("NRT
Loan"), with a 3-year term, extendable by 1 year with the unanimous consent of

Silver Wheaton has fully drawn US$1 billion under the NRT Loan and has applied
these proceeds to repay the remaining balance of US$560 million on its Bridge
Facility and US$440 million outstanding under its Revolving Facility.
Following these repayments, the Company has total debt outstanding of US$1.06
billion with US$1 billion outstanding on the NRT Loan and US$60 million
outstanding under the Revolving Facility, which matures in February 2018. The
Bridge Facility was terminated following the repayment of the outstanding

"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," said Randy Smallwood, Silver Wheaton's President
and Chief Executive Officer. "The company received strong support from the
syndicate of banks that participated in this new term loan. Following the
closing of this loan, there is US$940 million of credit available under the
Revolving Facility, which, together with strong operating cash flows,
positions the company well for continued growth."

At the Company's option, amounts outstanding under the NRT Loan will incur
interest at either (i) the London Interbank Offered Rate ("LIBOR") plus an
applicable margin ranging from 120 to 220 basis points or (ii) The Bank of
Nova Scotia's US Base Rate plus an applicable margin ranging from 20 to 120
basis points, with the applicable margin being determined by the Company's
leverage ratio.

Scotiabank and BMO Capital Markets acted as Co-Lead Arrangers and Joint
Book-runners. Canadian Imperial Bank of Commerce, HSBC Bank Canada, Royal Bank
of Canada and Toronto Dominion Bank acted as Co-Documentation agents. Bank of
America Merrill Lynch and Export Development Canada acted as Senior Managers,
and Bank of Tokyo-Mitsubishi (UFJ), National Bank of Canada, and Mizuho
Corporate Bank acted as Lenders.


The information contained herein contains "forward-looking statements" within
the meaning of the United States Private Securities Litigation Reform Act of
1995 and "forward-looking information" within the meaning of applicable
Canadian securities legislation. Forward-looking statements, which are all
statements other than statements of historical fact, include, but are not
limited to, statements with respect to the future price of silver and gold,
the estimation of mineral reserves and resources, the realization of mineral
reserve estimates, the timing and amount of estimated future production, costs
of production, reserve determination, reserve conversion rates and statements
as to any future dividends. Generally, these forward-looking statements can
be identified by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate",
or "believes", or variations of such words and phrases or statements that
certain actions, events or results "may", "could", "would", "might" or "will
be taken", "occur" or "be achieved". Forward-looking statements are subject
to known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of Silver
Wheaton to be materially different from those expressed or implied by such
forward-looking statements, including but not limited to: fluctuations in the
price of silver and gold; the absence of control over mining operations from
which Silver Wheaton purchases silver or gold and risks related to these
mining operations including risks related to fluctuations in the price of the
primary commodities mined at such operations, actual results of mining and
exploration activities, economic and political risks of the jurisdictions in
which the mining operations are located and changes in project parameters as
plans continue to be refined; and differences in the interpretation or
application of tax laws and regulations; as well as those factors discussed in
the section entitled "Description of the Business - Risk Factors" in Silver
Wheaton's Annual Information Form available on SEDAR at
and in Silver Wheaton's Form 40-F on file with the U.S. Securities and
Exchange Commission in Washington, D.C. Forward-looking statements are based
on assumptions management believes to be reasonable, including but not limited
to: the continued operation of the mining operations from which Silver Wheaton
purchases silver or gold, no material adverse change in the market price of
commodities, that the mining operations will operate and the mining projects
will be completed in accordance with their public statements and achieve their
stated production outcomes, and such other assumptions and factors as set out
herein. Although Silver Wheaton has attempted to identify important factors
that could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate. Accordingly, readers
should not place undue reliance on forward-looking statements. Silver Wheaton
does not undertake to update any forward-looking statements that are included
or incorporated by reference herein, except in accordance with applicable
securities laws.

For further information:

Patrick Drouin Vice President, Investor Relations Silver Wheaton Corp. Tel:
1-800-380-8687 Email: Website:
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