GROY - Gold Royalty extends its $25M credit revolving facility by two years
- Gold Royalty ( NYSE: GROY ) has extended the maturity date of its existing $25M secured revolving credit facility with Bank of Montreal to March 31, 2025.
- The extended credit facility consists of a $10M secured revolving credit facility, with an accordion feature providing for an additional $15M of availability.
- The facility is secured against the assets of the company, is available for general corporate purposes, acquisitions and investments, and bears interest at a rate determined by reference to the Base Rate plus a margin of 3.00% or Adjusted Term SOFR plus a margin of 4.00%, as applicable.
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Gold Royalty extends its $25M credit revolving facility by two years