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RE ROYALTIES ANNOUNCES MARKETED PUBLIC OFFERING OF UP TO $20 MILLION OF SERIES 3 SECURED GREEN BONDS
RE ROYALTIES ANNOUNCES MARKETED PUBLIC OFFERING OF UP TO $20 MILLION OF SERIES 3 SECURED GREEN BO...
About this update from Re Royalties Ltd.
[{"type":"text","content":"\n \n \n \n RE ROYALTIES ANNOUNCES MARKETED PUBLIC OFFERING OF UP TO $20 MILLION OF SERIES 3 SECURED GREEN BONDS\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO\n \n THE UNITED STATES\n \n /\n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Dec. 9, 2022\n \n \n /CNW/ -\n \n RE Royalties Ltd.\n \n (TSXV: RE) (OTCQX:RROYF) (\n \n \"RE Royalties\"\n \n or the\n \n \"Company\"\n \n ), a global leader in renewable energy royalty-based financing, is pleased to announce a marketed, best efforts, public offering of Series 3 secured green bonds of the Company (the\n \n \"Green Bonds\"\n \n ), for gross proceeds of up to\n \n C$20,000,000\n \n (the \"\n \n Offering\n \n \"). The Green Bonds will be offered in the principal amounts of\n \n C$1,000\n \n or US$l,000 (the \"\n \n Offering Price\n \n \"). Canaccord Genuity Corp. will act as the sole bookrunner and co-lead agent alongside Integral Wealth Securities Limited as co-lead agent (collectively, the \"\n \n Agents\n \n \").\n \n \n The Green Bonds will have a term of five years and bear interest at a rate of 9% per annum, payable quarterly, and will be senior obligations of the Company secured against the Company's portfolio of royalty and loan investments.\n \n \n The Offering is RE Royalties third green bond financing, following its 2020 inaugural Series 1 offering of\n \n $10.2 million\n \n principal amount of green bonds and 2021 Series 2 offering of\n \n $5.2 million\n \n and\n \n US$4.0 million\n \n principal amount of green bonds. This third offering of Green Bonds will be designated as Series 3, and the Green Bonds will be issued under a supplemental trust indenture to the Company's existing green bond trust indenture dated\n \n August 10, 2020\n \n with Western Pacific Trust Company, as trustee. A copy of the trust indenture and supplemental indenture will be available on the Company's SEDAR profile at\n \n www.sedar.com\n \n .\n \n \n In connection with the Offering, the Company intend...