Evolve Royalties Secures Revolving Credit Facility for Up to US$75 Million
Evolve Royalties has entered into a credit agreement with Bank of Montreal for a $50 million secured revolving credit facility, with an option to increase the total to $75 million. The three-year facility is secured by the company's assets and provides capital for general corporate purposes and future acquisitions in base and critical metals.
Key figures
- Deal Value Usd
- 75000000
- Margin range
- 1.50% - 3.50%
- Maturity years
- 3
- Accordion amount
- 25000000
- Standby fee range
- 0.5625% - 0.7875%
- Initial facility size
- 50000000
AI analysis
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