Maverix Metals raises revolver to $160 million, extends to 2025

Chicago, Sept. 2 – Maverix Metals Inc. has raised its revolving credit facility to $160 million from $120 million, according to a press release.

The facility was also extended to September 2025.

Interest on the revolver is Libor plus 187.5 basis points to 300 bps. The standby fee ranges from 42.2 bps to 67.5 bps, with both rates based on leverage.

The syndicate of banks include National Bank of Canada, CIBC, Bank of Nova Scotia and Bank of Montreal.

The company has no current borrowings under the facility.

Maverix Metals is a Vancouver, B.C.-based mining company.

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