Loan & DebtMay 26, 2026, 06:07 AM
Triple Flag Increases Credit Facility to $1B at Improved Terms
AI Summary
Triple Flag Precious Metals Corp. announced an amendment to its existing undrawn revolving credit facility, increasing its size from $700 million to $1 billion. The company also secured more favorable terms, including a reduction in interest rate spreads by 12.5 basis points at the lower end. The facility now has a four-year term, maturing in May 2030, and includes an additional uncommitted accordion of up to $300 million.
Key Highlights
- Credit facility increased from $700 million to $1 billion.
- Additional uncommitted accordion remains up to $300 million.
- Interest rate spreads above SOFR reduced by 12.5 basis points.
- New interest rate range: SOFR plus 1.325% to 2.75% per annum.
- Credit facility has a four-year term, maturing in May 2030.
- Jointly led by National Bank Capital Markets, Bank of Nova Scotia, and CIBC.
Price Impact
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