Trident Royalties: US$40m Loan Facility
$40 million Loan Facility
Trident Royalties Plc (AIM:TRR, FSX:5KV), the growth-focused mining royalty and streaming company, is pleased to announce that, following the announcement on 13 December 2021, the Company has signed the $40 million secured loan facility agreement with Macquarie Bank Limited (“Macquarie”), (the “Facility”).
The Facility will be used to retire the existing $10 million secured loan facility provided by a syndicate managed by Tribeca Investment Partners, with the balance used to complete the acquisition of the gold offtake streams from funds managed by Orion Resource Partners (“the Acquisition”), also announced on 13 December 2021.
Adam Davidson, Chief Executive Officer of Trident commented:
“We are extremely pleased to be working with Macquarie, a highly respected financial institution in the natural resources sector and completing this important step to closing the recently announced Acquisition.”
CEO Adam Davidson recently provided an update of the business and its strategy below
