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Versamet Royalties Upsizes Revolving Credit Facility to $225 Million
All amounts are in U.S. dollars unless otherwise indicated. Vancouver, British Columbia--(Newsfi...
About this update from Versamet Royalties Corp.
[{"type":"text","content":"Versamet Royalties Upsizes Revolving Credit Facility to $225 MillionAll amounts are in U.S. dollars unless otherwise indicated.Vancouver, British Columbia--(Newsfile Corp. - March 4, 2026) - Versamet Royalties Corporation (TSX: VMET) (\"Versamet\" or the \"Company\") is pleased to announce that it has entered into an agreement with its current lenders, Bank of Montreal and National Bank Capital Markets, to retire its term loan and amend and upsize its existing revolving credit facility (the \"Facility\") to up to $225 million. The amended and upsized Facility now consists of a $200 million secured revolving credit line with an accordion feature allowing for an additional $25 million, subject to certain conditions, for total borrowing capacity of $225 million. Pricing remains unchanged from the current facility and is based on a sliding scale, with margins ranging from 2.25% to 3.50% over adjusted SOFR, depending on the Company's leverage ratio. The Facility matures in March 2029. The amended Facility replaces the Company's previous $100 million revolving credit facility and $80 million term loan, which has been fully repaid. As of March 4, 2026, there is $45 million drawn on the Facility.Victoria McMillan, CFO of the Company, commented, \"The increase to our Facility demonstrates the continued support of our lending partners, who have played an important role in our growth to date. The extension and upsizing of the Facility further enhances our financial flexibility and reflect our lenders' confidence in the strength and quality of our portfolio. Combined with our strong balance sheet and robust cash flow generation, the Facility positions us well to pursue accretive growth opportunities and deliver long-term value for shareholders.\" About Versamet Royalties CorporationVersamet is an emerging mid-tier precious metals royalty & streaming company focused on creating long-term per share value for its shareholders through the acquisition of high-quality assets. Versamet's common shares trade on the Toronto Stock Exchange under the symbol \"VMET\". For more information about Versamet, including additional details on our royalties and streams, please visit our website at versamet.com.General inquiries:Craig Rollins, General CounselEmail: [email protected]: 778-945-3948 Cautionary Note Regarding Forward-Looking ...