Gold Royalty extended the maturity date of its existing $25 million secured revolving credit facility with Bank of Montreal to March 31, 2025. The extended credit facility consists of a $10 million secured revolving credit facility, with an accordion feature providing for an additional $15 million of availability.

“We are pleased with the extension of our revolving credit facility with the Bank of Montreal and would like to thank our lenders for their continued support and confidence in our business,” Josephine Man, CFO of Gold Royalty, said. “Despite a difficult broader market backdrop, the Facility has attractive terms, is competitively priced and has an accordion feature that can provide further liquidity as we continue to grow our business through disciplined and accretive acquisitions.”

The facility, 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. The exercise of the accordion is subject to certain additional conditions and the satisfaction of financial covenants.