Gold Royalty (GROY) said Monday it has entered an agreement with the Bank of Montreal and the National Bank of Canada to amend its existing revolving credit facility with up to $45 million of additional credit.
The new facility will also bear a new interest rate based on secured overnight financing rate plus 3.00%, a 100 basis-point rate reduction, and matures on March 31, 2028, a year later than the previous agreement, the company said.
The facility currently totals $30 million in secured revolving credit of which $25 million is drawn, the company said.
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