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METALLA ANNOUNCES REVOLVING CREDIT FACILITY OF UP TO $75 MILLION AND RETIREMENT OF BEEDIE FACILITY
METALLA ANNOUNCES REVOLVING CREDIT FACILITY OF UP TO $75 MILLION AND RETIREMENT OF BEEDIE FACILIT...
About this update from Metalla Royalty & Streaming Ltd.
[{"type":"text","content":"\n\n\n\n METALLA ANNOUNCES REVOLVING CREDIT FACILITY OF UP TO $75 MILLION AND RETIREMENT OF BEEDIE FACILITY\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n (All dollar amounts are in United States dollars unless otherwise indicated)\n \n\n\n TSXV:\n \n\n\n MTA\n \n\n\n\n NYSE AMERICAN:\n \n\n\n MTA\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n June 25, 2025\n \n\n /CNW/ -\n \n Metalla Royalty & Streaming Ltd.\n \n (\"\n \n Metalla\n \n \" or the \"\n \n Company\n \n \") (NYSE American: MTA) (TSXV: MTA) is pleased to announce it has entered into an agreement with Bank of\n \n Montreal\n \n (\"\n \n BMO\n \n \") and National Bank Financial (\"\n \n NBF\n \n \") for a revolving credit facility that allows the Company to borrow up to\n \n $40 million\n \n (the \"\n \n Facility\n \n \" or \"\n \n RCF\n \n \") with an accordion feature for an additional\n \n $35 million\n \n of availability (the \"\n \n Accordion\n \n \"), subject to satisfaction of certain conditions. Concurrent with entering into the Facility, the Company has also fully repaid and retired its existing\n \n C$50.0 million\n \n convertible loan facility (the \"\n \n Convertible Facility\n \n \") with Beedie Investments Ltd. (\"\n \n Beedie\n \n \").\n \n\n\n\n\n\n\n\n\n\n \"We are pleased to announce this new revolving credit facility, which meaningfully lowers our cost of capital and enhances our financial flexibility—without any equity dilution,\" commented\n \n Brett Heath\n \n , CEO of Metalla. \"The\n \n $40 million\n \n RCF, combined with a\n \n $35 million\n \n accordion feature, equips us with the balance sheet strength to pursue larger, accretive transactions as we continue to scale Metalla's business.\"\n \n\n\n\n \"We're grateful to both BMO and NBF for their support and partnership, and we look forward to working closely with them as we build Metalla into a leading emerging mid-tier royalty and streaming company. We would also like to extend our sincere thanks to Beedie for their longsta...