GROY - Gold Royalty upsizes existing credit facility with two Canadian banks to $35M
- Gold Royalty ( NYSE: GROY ) on Monday said it had amended and restated its credit agreement with two Canadian banks to expand its existing credit facility by $10M to $35M.
- The two banks are the Bank of Montreal and the National Bank of Canada, GROY said in a statement .
- The expanded credit facility consists of a $20M secured revolving credit facility, with an accordion feature providing for an additional $15M of availability subject to certain additional conditions.
- The $20M facility will have a maturity date of March 31, 2025.
- GROY stock was up 1.7% to $2.34 after hours.
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Gold Royalty upsizes existing credit facility with two Canadian banks to $35M