Triple Flag Precious Metals (TFPM) said Wednesday that it secured amendments to its existing undrawn revolving credit facility, upsizing the facility to $700 million with an additional uncommitted accordion of up to $300 million.
Previously, the agreement had a credit facility of $500 million and an accordion of up to $200 million.
Loans under the renewed facility will bear interest at SOFR plus 1.45% to 2.75% per annum, depending on the company's leverage ratio. The amended interest rate spreads above SOFR have been reduced by 30 basis points at the lower end of the range, the company said.
The amended facility is scheduled to mature in April 2029.
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