Osisko Gold increases revolving credit facility to C$350 million

By Wendy Van Sickle

Columbus, Ohio, Nov. 14 – Osisko Gold Royalties Ltd. amended its revolving credit facility to increase its size to C$350 million from C$150 million, according to a news release.

There is an additional C$100 million accordion option, and the facility has an initial four-year term.

National Bank Financial Inc. acted as lead arranger and bookrunner and Bank of Montreal as documentation agent. National Bank of Canada is the administrative agent.

Proceeds will be used for general corporate purposes and investments in the mineral industry, including the acquisition of royalties, streams and other interests.

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

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