Business
Elemental Royalty Announces Amended and Upsized Credit Facility to up to US$200M
Denver, Colorado--(Newsfile Corp. - March 2, 2026) - Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE) ("Elemental" or the "Company") is pleased to announce the signing of an amendment to the Company's existing Revolving Credit Facility (the "Facility"), which has now been upsized to US$150 million with a US$50 million Accordion feature (the “Accordion”). National Bank Capital Markets and Canadian Imperial Bank of Commerce (“CIBC”) acted as Co-Lead Arrangers on the transaction, with...
About this update from Canadian Imperial Bank Of Commerce
[{"type":"text","content":"Denver, Colorado--(Newsfile Corp. - March 2, 2026) - Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE) ("Elemental" or the "Company") is pleased to announce the signing of an amendment to the Company's existing Revolving Credit Facility (the "Facility"), which has now been upsized to US$150 million with a US$50 million Accordion feature (the “Accordion”). National Bank Capital Markets and Canadian Imperial Bank of Commerce (“CIBC”) acted as Co-Lead Arrangers on the transaction, with National Bank Capital Markets also acting as Sole Bookrunner. National Bank of Canada (“NBC”) acted as Administrative Agent. Each of NBC, CIBC and The Bank of Nova Scotia (“Scotia”) acted as Lenders (together “the Lenders”).","length":752,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"US$150 million Revolving Credit Facility with NBC, CIBC, and Scotia","length":67,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"US$50 million Accordion feature available, subject to certain conditions","length":72,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Expanded Credit Facility solidifies Elemental's strong foundation from which to transact on further accretive royalties and stream opportunities","length":148,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The Facility matures on February 27, 2029","length":41,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":328,"olType":false},{"type":"text","content":"Stefan Wenger, Chief Financial Officer of Elemental Royalty, commented: "Upsizing our credit facility represents a strong vote of confidence from our banking partners at NBC, CIBC, and Scotia, and reflects the momentum of our business following a transformational year in 2025, which included our merger and our listing on Nasdaq. This expanded capacity enhances Elemental's strong cash position and financial flexibility and provides additional headroom to support more material future transactions. We're pleased to have secured the facility on attractive terms, reinforcing our disciplined approach to capital management and our focus on long-term stakeholder value."","length":688,"tagName":"p"},{"type":"text","content":"Terms of the Transactio...