Osisko enters agreement for C$100 million revolving credit facility

By Jennifer Chiou

New York, Sept. 16 – Osisko Gold Royalties Ltd. entered into an agreement with National Bank of Canada for a C$100 million revolving credit facility, according to a news release.

There is a C$50 million accordion option.

The two-year revolver may be extended by one year.

The release noted that there are initial standby fees of 30 bps, while borrowings will bear interest at Libor plus 150 bps to 350 bps, depending on the company’s leverage ratio.

Proceeds will be used for investments in the mineral industry, including the acquisition of royalties and the funding of precious metal streams.

Montreal-based Osisko is a gold-focused royalty and stream company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.